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Published on 3/17/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Cooper-Standard to refinance PIK toggle notes, 8½% notes via new loan

By Tali Rackner

Norfolk, Va., March 17 - Cooper-Standard Holdings Inc. plans to refinance $200 million of its senior PIK toggle notes due 2018 and $450 million of its 8½% senior notes due 2018 with the proceeds from a proposed new $725 million term loan facility, according to a press release.

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


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