Cooper-Standard Amends ABL Facility; Commitments Increased to $200M

What Happened Cooper-Standard Holdings Inc. disclosed on Form 8-K that certain subsidiaries entered into a Sixth Amendment to the Third Amended and Restated Loan Agreement on September 3, 2026 with certain lenders and Bank of America, N.A. as agent. The amendment increases the aggregate commitments by $20 million to $200 million, allows allocation between the U.S. and Canadian facilities, extends the lenders’ maturity date to September 3, 2031, and lowers the borrowing margins and certain pricing adjustments.

Key Details

• Commitments increased by $20,000,000 to an aggregate total of $200,000,000.
• New maturity date for the commitments: September 3, 2031.
• Lowered margins: SOFR/CORRA-based borrowings now priced on a grid of 150–200 basis points; base-rate/prime borrowings priced at 50–100 basis points.
• Removal of credit spread adjustments for SOFR and CORRA; amendment executed by CS Intermediate Holdco 1 LLC, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited and other subsidiaries.

Why It Matters This amendment legally increases Cooper‑Standard’s committed credit capacity and extends the term of its asset‑based lending facility, which affects the company’s available liquidity and refinancing timeline. The reduced margins and removal of certain spread adjustments change the cost structure for future borrowings under the ABL facility, potentially lowering interest expense relative to prior terms. The full amendment text is filed as Exhibit 10.1 to the 8-K for investors who want the complete agreement language.