Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 72

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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12,736 $140,445 Goodwill is tested for impairment by reporting unit annually, or more frequently if events or circumstances indicate that an impairment may exist. There were no indicators of potential impairment during the three months ended March 31, 2025.Intangible AssetsDefinite-lived intangible assets and accumulated amortization balances as of March 31, 2025 and December 31, 2024 were as follows:Gross Carrying AmountAccumulatedAmortizationNet Carrying AmountCustomer relationships$152,151 $(138,776)$13,375 Other38,930 (18,931)19,999 Balance as of March 31, 2025$191,081 $(157,707)$33,374 Customer relationships$152,054 $(137,654)$14,400 Other37,737 (18,332)19,405 Balance as of December 31, 2024$189,791 $(155,986)$33,805 

7. Debt and Other Financing

A summary of outstanding debt as of March 31, 2025 and December 31, 2024 was as follows:March 31, 2025December 31, 2024First Lien Notes$611,610 $610,955 Third Lien Notes388,542 388,169 2026 Senior Notes42,434 42,415 Finance leases18,391 18,956 Other borrowings39,984 39,772 Total debt1,100,961 1,100,267 Less: current portion(42,501)(42,428)Total long-term debt$1,058,460 $1,057,839 First Lien NotesOn January 27, 2023, the Company issued $580,000 aggregate principal amount of its 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 (the “First Lien Notes”). The First Lien Notes mature on March 31, 2027 and bear interest at the rate of 13.50% per annum, payable in cash semi-annually on June 15 and December 15 of each year. Interest payments commenced on June 15, 2023. For the first four interest periods, the Company had the option, at its sole discretion, to pay up to 4.50% of the interest by increasing the principal