debt
confidence high
sentiment neutral
materiality 0.60
Cooper-Standard prices $1.1B of 9.250% senior secured notes due 2031; proceeds to redeem existing notes
Cooper-Standard Holdings Inc.
- Principal amount $1.1B, coupon 9.250%, maturity 2031; closing expected March 4, 2026.
- Proceeds to redeem 13.50% first lien notes due 2027, 5.625% third lien notes due 2027, and 5.625% senior notes due 2026.
- Notes are senior secured first lien, guaranteed by CS Intermediate HoldCo 1 LLC and certain domestic subsidiaries.
- Offering is private (Rule 144A/Reg S); notes not registered under Securities Act.