08:50 AM EST, 02/17/2026 (MT Newswires) -- Cooper-Standard ( CPS ) said Tuesday that its subsidiary Cooper-Standard Automotive plans to launch a $1.1 billion private offering of senior secured first lien notes due 2031.

The net proceeds from the offering will be used by the subsidiary to redeem all of its 13.50% cash pay/PIK toggle senior secured first lien notes due 2027, 5.625% cash pay/ 10.625% PIK toggle senior secured third lien notes due 2027 and 5.625% senior notes due 2026, the company said.