Cooper-Standard Holdings Inc. 8-K

What Happened
On February 20, 2026 Cooper-Standard Holdings Inc. filed an 8-K to announce that its wholly owned subsidiary, Cooper‑Standard Automotive Inc., priced a private offering of $1,100.0 million aggregate principal amount of 9.250% Senior Secured First Lien Notes due 2031 (the “New Notes”). The offering is private (Rule 144A / Regulation S) and the New Notes and guarantees are not registered under the Securities Act. Closing of the offering remains subject to customary closing conditions.

Key Details

• Amount: $1,100.0 million principal of 9.250% Senior Secured First Lien Notes due 2031.
• Issuer: Cooper‑Standard Automotive Inc., a wholly‑owned subsidiary of Cooper‑Standard Holdings Inc.
• Sale terms: Private offering to qualified institutional buyers (Rule 144A) and non‑U.S. persons (Reg S); notes are not registered under the Securities Act.
• Status: Pricing announced Feb 20, 2026; closing subject to customary closing conditions; press release attached as Exhibit 99.1 to the 8‑K.

Why It Matters
This transaction, if closed, would add sizable senior secured debt to the company’s capital structure and create fixed interest obligations at a 9.25% coupon, which could materially affect Cooper‑Standard’s interest expense and leverage. Because the notes are first‑lien secured debt of the subsidiary and were privately placed, they may rank ahead of other debt in a capital‑structure priority. Investors should note the offering is not yet closed and that the filing includes the company’s standard forward‑looking risk disclosures.