secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001437749-22-021224
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group enters $200M credit facilities with PNC Bank; refinances Truist debt
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- New $125M revolver and $75M term loan; up to $75M incremental available.
- Replaces $118.5M revolver and $45.5M term loans under Truist credit agreement.
- Facilities accrue at SOFR + 1.0% to 2.0% margin depending on leverage ratio.
- Five-year term; secured by substantially all operating assets.
- No termination penalties incurred on early repayment of Truist debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774922021224/0001437749-22-021224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774922021224/sgc20220823_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-021224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer