debt
confidence high
sentiment positive
materiality 0.55
Superior Group exits covenant relief after leverage ratio meets threshold
SUPERIOR GROUP OF COMPANIES, INC.
- Consolidated total net leverage ratio did not exceed 4.00x for quarters ended June 30 and Sep 30, 2023.
- Company delivered written notice to lenders terminating the covenant relief period under the Credit Agreement.
- Covenant relief period was part of the August 2022 Credit Agreement, amended in May 2023.