---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-137093"
form_type: "8-K"
ticker: null
cik: "0000095552"
company_name: "SUPERIOR INDUSTRIES INTERNATIONAL INC"
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T19:28:09.176340+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-25-137093
- form_type: 8-K
- cik: 0000095552
- company_name: SUPERIOR INDUSTRIES INTERNATIONAL INC
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95552/000119312525137093/0001193125-25-137093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95552/000119312525137093/d943793d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-137093
- JSON: https://secwatch.observer/filing/0001193125-25-137093.json
- Plain text: https://secwatch.observer/filing/0001193125-25-137093.txt

## Key facts
- Debt Financings
  SUPERIOR INDUSTRIES INTERNATIONAL INC amended credit facility of not specified with Oaktree Fund Administration, LLC at not specified maturing not specified.
  - Instrument: credit facility
  - Principal: not specified
  - Counterparty: Oaktree Fund Administration, LLC
  - Rate: not specified
  - Maturity: not specified
  - Event: amendment
  source text: The Term Loan Amendment also effected certain amendments to the terms of the existing Amendment and Restatement Date Term Loans (as defined in the Term Loan Agreement) under the Term Loan Agreement, including, among other things, to (i) permit the payment of interest thereon in kind and (ii) waive amortization payments during the Accommodation Period (as defined in the Term Loan Amendment).
  evidence_url: https://www.sec.gov/Archives/edgar/data/95552/000119312525137093/0001193125-25-137093-index.htm
- Debt Financings
  SUPERIOR INDUSTRIES INTERNATIONAL INC incurred term loan of $70,000,000 delayed draw term loan facility, of which $10,000,000 was funded on June 4, 2025 with Oaktree Fund Administration, LLC at term SOFR (with a 3.50% per annum floor) plus 8.00% maturing not specified.
  - Instrument: term loan
  - Principal: $70,000,000 delayed draw term loan facility, of which $10,000,000 was funded on June 4, 2025
  - Counterparty: Oaktree Fund Administration, LLC
  - Rate: term SOFR (with a 3.50% per annum floor) plus 8.00%
  - Maturity: not specified
  - Event: incurrence
  source text: On June 4, 2025, Superior Industries International, Inc. (the “Company”) entered into an amendment (the “ Term Loan Amendment ”) to its existing Amended and Restated Credit Agreement, dated as of August 14, 2024 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the effectiveness of the Term Loan Amendment, the “ Existing Term Loan Agreement ” and, the Existing Term Loan Agreement as amended by the Term Loan Amendment, the “ Term Loan Agreement ”), by and among, inter alios , the Company, the lenders from time to time party thereto, Oaktree Fund Administration, LLC, as administrative agent, and JPMorgan Chase Bank, N.A., as collateral agent, pursuant to which, among other things, the Amendment No. 2 Delayed Draw Term Lenders (as defined in the Term Loan Amendment) party thereto agreed to provide an incremental $70,000,000 delayed draw term loan facility (the “ Delayed Draw Term Facility ”), of which $10,000,000 was funded on June 4, 2025 and the re
  evidence_url: https://www.sec.gov/Archives/edgar/data/95552/000119312525137093/0001193125-25-137093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.