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Cooper-Standard Prices $1.1 Billion Senior Secured Notes

Story Highlights
  • Cooper Standard priced a $1.1 billion private issue of 9.25% senior secured notes due 2031.
  • Proceeds will refinance higher-cost 2026–2027 notes, extending maturities and boosting financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cooper-Standard Prices $1.1 Billion Senior Secured Notes

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An announcement from Cooper-Standard Holdings ( (CPS) ) is now available.

On February 20, 2026, Cooper-Standard Holdings announced it had priced a private offering by its subsidiary, Cooper-Standard Automotive Inc., of $1.1 billion in 9.250% Senior Secured First Lien Notes due 2031. The notes, guaranteed on a senior secured basis by certain domestic subsidiaries and on a senior unsecured basis by Cooper-Standard Latin America B.V., are being sold only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S.

The offering, expected to close on March 4, 2026 subject to customary conditions, is intended to refinance a stack of higher-cost and nearer-maturity debt, including 13.50% First Lien Notes due 2027, 5.625% / 10.625% Third Lien Notes due 2027 and 5.625% Senior Notes due 2026. By extending maturities and consolidating its capital structure at a lower coupon than some existing instruments, Cooper Standard aims to ease its interest burden and improve financial flexibility, a move closely watched by creditors and equity holders given the company’s substantial leverage and exposure to cyclical automotive demand.

The most recent analyst rating on (CPS) stock is a Hold with a $39.00 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/negative equity and still-fragile profitability and cash generation relative to debt. Offsetting factors include improving operations and positive 2026 margin/FCF guidance, plus strong technical uptrend, though momentum appears overextended. Valuation remains unfavorable due to loss-making results.

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. Leveraging materials science and manufacturing expertise, the company delivers engineered solutions to diverse transportation and industrial markets through a workforce of approximately 22,000 employees in 20 countries.

Cooper Standard focuses on innovative and sustainable products that support automakers and industrial customers worldwide. Its global footprint and specialization in critical vehicle systems position the company as a key player in the automotive parts supply chain, with exposure to trends in mobility, efficiency and safety-related technologies.

Average Trading Volume: 195,103

Technical Sentiment Signal: Strong Buy

Current Market Cap: $687.1M

See more insights into CPS stock on TipRanks’ Stock Analysis page.

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