Cooper Standard Cooper Standard Announces Fully Backstopped Private Offering of New First Lien Notes and Private Exchange Offer and Consent Solicitation for Existing Senior Notes as Part of Refinancing Transactions 20-Dec-2022 / 00:48 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced the commencement by CPS’ wholly-owned subsidiary, Cooper Standard Automotive Inc. (the “Issuer”), of (i) a fully backstopped private offering (the “Concurrent Notes Offering”)...
Cooper Standard Cooper Standard Named to Newsweek’s America’s Most Responsible Companies 2023 List for Fourth Consecutive Year 08-Dec-2022 / 14:30 CET/CEST Cooper Standard (NYSE: CPS) is pleased to announce that it has been named to Newsweek’s list of America’s Most Responsible Companies 2023 for the fourth consecutive year. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. America’s Most Responsible...
Cooper Standard Cooper Standard Announces Realignment of Responsibilities Within its Global Leadership Team to Balance Focus on Key Strategic Initiatives 17-Nov-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the realignment of certain responsibilities within its Global Leadership Team to create greater management synergies and focus on key strategic initiatives. The following changes are effective immediately. Patrick Clark, senior vice president and managing director - global...
Cooper Standard Cooper Standard Announces Execution of Transaction Support Agreement 15-Nov-2022 / 14:00 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced it and certain of its subsidiaries had entered into a transaction support agreement (the “TSA”) with an ad hoc committee of holders (the “Consenting Noteholders”) of approximately 62.7% of the aggregate principal amount of the 5.625% Senior Notes due 2026 (the “2026 Senior Notes”) issued by...
Cooper Standard Cooper Standard’s Thermoplastic Thermal Management Solution for Battery Electric Vehicles Wins SPE® Automotive Innovation Award 14-Nov-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) is pleased to announce that it has earned an Automotive Innovation Award from the Society of Plastics Engineers (SPE) for its Thermoplastic BEV (battery electric vehicle) Thermal Management Solution supplied to the 2023 General Motors Co. Cadillac Lyriq. Cooper Standard was recognized during the...
Cooper Standard Cooper Standard Adopts Tax Benefits Preservation Plan to Protect its Tax Benefits and Shareholder Value 07-Nov-2022 / 22:06 CET/CEST Cooper-Standard Holdings Inc. (“Cooper Standard” or the “Company”) (NYSE: CPS) today announced that its Board of Directors (the “Board”) adopted a tax benefits preservation plan (the “Rights Agreement”) in an effort to protect stockholder value by attempting to protect against a possible limitation on the Company’s ability to use...
Cooper Standard Cooper Standard Reports Strong Sales Growth and Margin Improvement in Third Quarter 2022 01-Nov-2022 / 22:57 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the third quarter 2022. Third Quarter 2022 Summary Sales totaled $657.2 million, an increase of 24.8% compared to third quarter 2021 Net loss narrowed to $32.7 million or $(1.90) per diluted share compared to a net loss of $123.2 million or $(7.20) per diluted share in the third quarter 2021...
Cooper Standard Cooper Standard Announces Date for Release of Third Quarter 2022 Results, Provides Details for Management Conference Call 18-Oct-2022 / 22:31 CET/CEST Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the third quarter 2022 on Tuesday, November 1 after market close. The Company’s earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a conference call on...
