Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 49

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 49
---
’s then current business needs and pursue initiatives to reduce investments in working capital, primarily inventory.

Between May 15, 2025 and June 4, 2025, the Company engaged in negotiations with the Term Loan Lenders and its revolving credit lenders to amend the Company’s existing term loan and revolving credit agreements to give effect to the Bridge Facility and to agree to certain financial covenant relief.

<div align='center'>25</div>

#### TABLE OF CONTENTS
On May 22, 2025, the Wall Street Journal reported that Oaktree and certain lenders were in talks to acquire the Company.

On May 27, 2025, the Board held a meeting attended by the Company’s management and representatives of each of Lazard, Weil and A&M, at which, among other things, the representatives of each of Weil and Lazard provided the Board with an update on the status of the negotiations related to the amendment to the Term Loan and revolving credit facility to implement the terms of the Bridge Facility commitment letter and the terms thereof, including the milestones (and updates with respect to progressing on those milestones). The representatives of Lazard also updated the Board on the latest discussions with the Company’s suppliers, vendors, revolving credit lenders and Term Loan Lenders, in each case that had been authorized by the Company. The representatives of Lazard then updated the Board on the progress regarding the broader recapitalization transaction involving the Term Loan Lenders, including the Common Share Proposal, as well as the Term Loan Lenders’ discussions with the holder of the Series A Preferred Shares to determine whether proceeding with an out-of-court transaction was feasible, given the Term Loan Lenders’ requirement that the holder of the Series A Preferred Shares enter into a support agreement in connection with the potential transaction. The representatives of Lazard discussed with the Board the latest proposal made by the Term Loan Lenders to the holder of the Series A Preferred Shares, which reflected cash consideration equal to two (2) times the value of the cash consideration payable to the holders of Common Shares, and three percent (3%) of the common equity of the post-closing private company (the “Preferred Share Proposal”). The Board discussed the Common Share Proposal and Preferred Share Proposal with the representatives of Lazard, including whether there might be additional value that the Term Loan Lenders would be willing to pay the holders of Common Shares in order to proceed with an out-of-court transaction. The Board also discussed the fact that the alternative to proceeding with a transaction with the Term Loan Lenders would likely