Superior Industries secures $70M delayed draw loan; waives covenants through Sept 2025

SUPERIOR INDUSTRIES INTERNATIONAL INC

$70M delayed draw term facility; $10M funded June 4, 2025; remainder conditional on business milestones and lender satisfaction.
Interest at SOFR (3.5% floor) + 8.00%; undrawn commitment fee 0.50% p.a.; prepayment fee 5%.
Limited waiver of financial covenants for test period ending June 30, 2025; Accommodation Period through Sept 30, 2025.
Unwinding of hedging arrangements permitted; proceeds retained; new 13-week cash flow reporting and disbursement restrictions imposed.
Both Term Loan and Revolving Credit Agreements amended; existing terms otherwise remain in full force.

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