Cooper-Standard Automotive to start roadshow next week for $550 million two-part deal

By Paul A. Harris and Sara Rosenberg

St. Louis, Dec. 1 - Cooper-Standard Automotive is expected to begin a roadshow during the week of Dec. 6 for a two-part $550 million offering of notes, according to a source close to the deal.

The company will sell $200 million of senior notes and $350 million of subordinated notes.

Deutsche Bank, Lehman Brothers, Goldman Sachs & Co. and UBS Investment Bank will be joint bookrunners.

Proceeds will be used to help fund the acquisition of Cooper-Standard by The Cypress Group and Goldman Sachs Capital Partners from Cooper Tire & Rubber Co. for about $1.165 billion.

The issuer is a Novi, Mich.-based manufacturer of fluid handling systems, body sealing systems, and active and passive vibration control systems, primarily for automotive original equipment manufacturers.

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