Financing ·
On September 3, 2026, Cooper-Standard Holdings Inc. subsidiaries entered into Amendment No. 6 to their Third Amended…
CPSCooper-Standard Holdings Inc.
On September 3, 2026, Cooper-Standard Holdings Inc. subsidiaries entered into Amendment No. 6 to their Third Amended and Restated Loan Agreement with Bank of America, N.A., as agent. The amendment increases aggregate commitments by $20,000,000, bringing the total commitment amount to $200,000,000. It extends the maturity date to September 3, 2031, and decreases applicable margins for revolving loans based on average quarterly availability, ranging from 150 to 200 basis points for SOFR/CORRA borrowings and 50 to 100 basis points for base rate/prime rate borrowings. The amendment also removes credit spread adjustments with respect to SOFR and CORRA. Cooper-Standard Holdings Inc. operates in the automotive industry, manufacturing fluid handling, thermal management, and electrical distribution systems.