Cooper-Standard Automotive Inc, founded in 1960 and headquartered in Novi, Michigan, is a global leader in the automotive parts industry, specializing in providing innovative solutions for sealing, fuel and brake delivery systems. The company services major automotive manufacturers with a range of products that enhance vehicle performance and safety, including sealing systems, fluid-handling systems, and noise and vibration solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CPS 13.50% 2027-03-31 USDCooper-Standard Automotive Inc | United States | 2027-03-31 | 13.500 | 9.73 |
| CPS 13.50% 2027-03-31 USDCooper-Standard Automotive Inc | United States | 2027-03-31 | 13.500 | 9.73 |
| CPS 5.63% 2026-11-15 USDCooper-Standard Automotive Inc | United States | 2026-11-15 | 5.625 | 18.15 |
| CPS 5.63% 2027-05-15 USDCooper-Standard Automotive Inc | United States | 2027-05-15 | 5.625 | 7.20 |
| CPS 5.63% 2027-05-15 USDCooper-Standard Automotive Inc | United States | 2027-05-15 | 5.625 | 7.64 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cooper-Standard first entered the bond market in 2014, issuing a notable $325 million in senior unsecured notes to refinance existing debt, significantly improving its capital structure. As of recent assessments, the company's bonds yield around 5.5%, which is competitive within the automotive sector, reflecting its strong credit position amidst a backdrop of industry challenges. In 2020, Cooper-Standard issued an additional $500 million in bonds, which were specifically tied to strategic corporate initiatives aimed at enhancing product innovation and operational efficiencies.