Cooper-Standard prepays some term loan debt in 1Q07

By Sara Rosenberg

New York, May 14 - Cooper-Standard Holdings Inc. made some prepayments on its term loan during the first quarter, according to a 10-Q filed with the Securities and Exchange Commission Monday.

The company used a total of $19.5 million of cash for financing activities in the first quarter, which included the voluntary term loan prepayments and normal debt payments.

Cooper-Standard is a Novi, Mich.-based manufacturer of automotive sealing systems, fluid systems, vibration control systems and related components.

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