NOVI, Mich. -- Cooper-Standard Automotive is offering to exchange up to $450 million of its outstanding 8 1/2 percent Senior Notes due 2018 for up to $450 million of its new 8 1/2 percent Senior Notes due 2018 that have been registered under the Securities Act of 1933, as amended.

The terms of the Exchange Notes to be issued in the exchange offer are substantially identical to those of the Outstanding Notes, except that the Exchange Notes will not have securities law transfer restrictions and are not entitled to certain registration rights relating to the Outstanding Notes and the Exchange Notes and will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.

The exchange offer will expire at midnight, EST, on Feb. 4, unless extended by Cooper-Standard Automotive. Valid tenders of the Outstanding Notes must be made, and may be withdrawn at any time, before the exchange offer expires.

U.S. Bank National Association, the trustee under the indenture governing the Notes, is serving as the exchange agent in connection with the exchange offer.