Superior Industries (SUP) Announces Refinancing

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Go back to Superior Industries (SUP) Announces Refinancing

Superior Industries Announces Refinancing

December 19, 2022 7:00 AM EST

Companys strong financial performance and long-term earnings power attracts new capital

SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Superior Industries International, Inc. (Superior) (NYSE: SUP), one of the worlds leading light vehicle aluminum wheel suppliers for OEMs and the European aftermarket, today announced the refinancing of its Term Loan and Revolving Credit Facilities.

Funds managed by Oaktree Capital Management, L.P. (Oaktree) provided the capital for a new $400 million Senior Secured Term Loan maturing December 15, 2028.

J.P. Morgan Chase Bank is Agent for a new $60 million Revolving Credit... More