On April 4, 2014, Cooper-Standard Automotive Inc., as U.S. Borrower, Cooper-Standard Automotive Canada Limited, as Canadian Borrower, and Cooper-Standard Automotive International Holdings B.V., as European Borrower, and certain of their affiliates (collectively, the Cooper-Standard Group) entered into refinancing arrangements which included a second amendment and restatement of its existing asset-based financing agreement, comprising US$150,000,000 Canadian, U.S. and European senior secured revolving and letter-of-credit facilities terminating March 1, 2018. Bank of America, N.A. acted as administrative agent and collateral agent for a lending syndicate of five international financial institutions.
The Cooper-Standard Group is a leading global automotive supplier, offering solutions in the body sealing, fuel, brake and emissions, thermal management and anti-vibration segments of the industry. The Cooper-Standard Group operates in approximately 19 countries worldwide.
Bank of America, N.A. was represented in Canada by the Norton Rose Fulbright Canada LLP (David Amato and Victoria Everett).