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Cooper-Standard Launches $1.1 Billion Senior Secured Notes

Story Highlights
  • Cooper-Standard is a global auto parts supplier specializing in sealing and fluid handling systems.
  • Cooper-Standard is refinancing costly 2026–2027 notes via a $1.1 billion private secured bond offering.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cooper-Standard Launches $1.1 Billion Senior Secured Notes

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Cooper-Standard Holdings ( (CPS) ) has shared an update.

On February 17, 2026, Cooper-Standard Holdings Inc. announced that its subsidiary, Cooper-Standard Automotive Inc., launched a private offering of $1.1 billion in Senior Secured First Lien Notes due 2031, guaranteed by certain domestic units on a senior secured basis and by Cooper-Standard Latin America B.V. on a senior unsecured basis. The notes are being marketed to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, reflecting the company’s continued reliance on institutional debt markets for funding.

The issuer plans to use the proceeds, along with cash on hand, to redeem in full its higher-cost First Lien, Third Lien and unsecured notes maturing in 2026 and 2027, and to cover related fees and expenses. Conditional redemption notices issued on February 17, 2026 set March 4, 2026 as the redemption date, subject to successful completion of the refinancing, a move that would simplify Cooper-Standard’s capital structure and potentially improve its interest burden and debt maturity profile, with implications for creditors and bond investors across its capital stack.

The most recent analyst rating on (CPS) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Cooper-Standard Holdings stock, see the CPS Stock Forecast page.

Spark’s Take on CPS Stock

According to Spark, TipRanks’ AI Analyst, CPS is a Neutral.

The score is held back primarily by high leverage and negative equity despite improving operations and positive cash generation. Technicals are supportive with the stock trading above major moving averages and positive MACD, while valuation is mid-range and earnings-call guidance is constructive but tempered by refinancing and margin volatility risks.

To see Spark’s full report on CPS stock, click here.

More about Cooper-Standard Holdings

Cooper-Standard Holdings Inc., headquartered in Northville, Mich., is a leading global supplier of sealing and fluid handling systems and components for transportation and industrial markets. Leveraging materials science and manufacturing expertise, the company operates in 20 countries with a workforce of roughly 22,000, focusing on engineered, sustainable solutions for automotive and related industries.

The company’s products support a wide range of vehicle platforms and industrial applications, positioning Cooper-Standard as a key Tier 1 supplier in the global automotive parts supply chain. Its diversified geographic footprint and technical capabilities underpin its role in serving major automakers and other transportation customers worldwide.

Average Trading Volume: 178,006

Technical Sentiment Signal: Buy

Current Market Cap: $797.2M

For an in-depth examination of CPS stock, go to TipRanks’ Overview page.

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