Cooper-Standard expands ABL facility by $20 million to $200 million total commitments
CPS•ABL facility expanded and extended
Cooper-Standard subsidiaries amended their asset-based lending facility with Bank of America as agent on Sept. 3, 2026.
- Commitments increased by $20 million to $200 million, with capacity allocable between U.S. and Canadian facilities.
- Maturity extended to Sept. 3, 2031.
- Pricing tightened via an availability-based grid; SOFR or CORRA margins now 150-200 basis points.
- Credit spread adjustments for SOFR and CORRA removed.
