Auto Parts Maker Cooper-Standard Files For Ch. 11
The company and its U.S. subsidiaries filed petitions Monday in the U.S. Bankruptcy Court for the District of Delaware, saying it needed to restructure its balance sheet.
Novi, Mich.-based Cooper-Standard has received a commitment from its current lenders for up to $175 million in debtor-in-possession financing to help pay employees and operating costs and implement a restructuring plan as...
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