Cooper-Standard Holdings Inc. has amended its asset-based lending agreement, increasing its total credit commitment by $20 million. The amendment, dated September 3, 2026, was entered into by the company and its subsidiaries, including CS Intermediate Holdco 1 LLC, Cooper-Standard Automotive Inc., and Cooper-Standard Automotive Canada Limited.
Under the terms of the Sixth Amendment to the Third Amended and Restated Loan Agreement, the aggregate commitment amount has risen to $200,000,000. This increase allows for the allocation of funds between the U.S. facility and the Canadian facility. Additionally, the maturity date for the commitments has been extended to September 3, 2031.
The amendment also adjusted the interest rate structure. The applicable margin for borrowings was decreased, with revolving loans now priced based on a grid that references the average quarterly availability. For borrowings based on SOFR or CORRA, the margins range from 150 to 200 basis points, while those based on a base rate or prime rate range from 50 to 100 basis points. Furthermore, the amendment removed credit spread adjustments related to SOFR and CORRA.
The amendment was executed with certain lenders and Bank of America, N.A., acting as the agent. A copy of the Sixth Amendment is filed as Exhibit 10.1 to the current report.
