Cooper-Standard Automotive Completes Chapter 11 Exit Financing

May 26, 2010

Cahill represented Deutsche Bank Securities Inc., Banc of America Securities LLC, Barclays Capital Inc. and UBS Securities LLC as initial purchasers in connection with Cooper-Standard Automotive's offering of $450,000,000 8 1/2% Senior Notes due 2018. Following satisfaction of escrow conditions related to Cooper-Standard Automotive's plan of reorganization under Chapter 11, the proceeds from the sale of the Senior Notes, together with an asset-based lending facility and a rights offering, were used to pay certain existing debt and other obligations of Cooper-Standard Automotive's, including its debtor-in-possession credit facilities.