10 News First

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

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.

Cooper Standard Announces Execution of Transaction Support Agreement

Retrieved on: 
Sunday, November 27, 2022

Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components.

Key Points: 
  • Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components.
  • Cooper Standard's approximately 23,000 employees are at the heart of our success, continuously improving our business and surrounding communities.
  • This press release also contains references to estimates and other information that are based on industry publications, surveys and forecasts.
  • This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.