Cooper-Standard announces $400 million offering of 10-year notes

By Paul A. Harris

Portland, Ore., Oct. 24 – Cooper-Standard Holdings Inc. announced in a Monday press release that it intends to sell $400 million of senior notes due 2026 via Rule 144A and Regulation S.

The Novi, Mich.-based supplier of systems and components for the automotive industry plans to use the proceeds, together with cash on hand, to repay its non-extended term loans outstanding under the amended and restated term loan facility.

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