Cooper-Standard sets Tuesday launch for €87 million term loan E

By Sara Rosenberg

New York, July 9 - Cooper-Standard Automotive Inc. is scheduled to hold a conference call on Tuesday at 1 p.m. ET to launch its proposed €87 million term loan E, according to a market source.

Deutsche Bank and Lehman are the lead banks on the deal.

Proceeds will be used to fund an acquisition of specific assets in Europe.

Cooper-Standard is a Novi, Mich., manufacturer and marketer of systems and components for the global automotive industry.

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