Cooper-Standard seeks loan amendment to repurchase term loan debt

By Sara Rosenberg

New York, Dec. 11 - Cooper-Standard Automotive Inc. is seeking an amendment to its credit facility that would allow for the buyback of a portion of its term loan debt below par, according to a market source.

Deutsche Bank is leading the amendment process.

Cooper-Standard is a Novi, Mich., manufacturer and marketer of systems and components for the global automotive industry.

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