Cooper-Standard to repay term loans under facility via new notes

By Tali Rackner

Norfolk, Va., Oct. 24 – Cooper-Standard Holdings Inc. subsidiary Cooper-Standard Automotive Inc. plans to repay the non-extended term loans outstanding under its amended and restated term loan facility with the proceeds from a new $400 million senior note offering.

Proceeds will also be used to pay fees and expenses related to the offering, such repayment and the amendment and restatement of each of the issuer's term loan facility and asset based revolving facility.

Cooper-Standard is a Novi, Mich.-based supplier of systems and components for the automotive industry

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