Cooper Standard Announces Fully Backstopped Private Offering of New First Lien Notes and Private Exchange Offer and Consent Solicitation for Existing Senior Notes as Part of Refinancing Transactions
Retrieved on:
Sunday, January 22, 2023
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The Issuer will not receive any cash proceeds from the issuance of New Third Lien Notes in the Exchange Offer.
Key Points:
- The Issuer will not receive any cash proceeds from the issuance of New Third Lien Notes in the Exchange Offer.
- The Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation are conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum.
- The consummation of the Concurrent Notes Offering is cross-conditioned on the consummation of the Exchange Offer and the Consent Solicitation.
- Eligible holders of 2026 Senior Notes should read carefully the Offering Memorandum before making an investment decision to participate in the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation.