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

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 15
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)) other than rights and remedies arising under the Merger Agreement or related documents or transactions themselves, and/or the incurrence of indebtedness under the Company’s existing credit agreements it may have.

Both the Preferred VSA and Common VSA will terminate upon, among other occurrences, the valid termination of the Merger Agreement in accordance with its terms (including, for example, termination of the Merger Agreement by the Company to accept a superior proposal, subject to specified exceptions and limitations).

A copy of the Preferred VSA and the Common VSA are attached to this proxy statement as Annex B and Annex C, respectively, and are incorporated by reference herein. For additional information, see the section entitled “ Voting and Support Agreements ,” beginning on page 67 .

Recapitalization Support Agreement

(see page 69, Annex D)

Concurrently with the execution of the Merger Agreement on July 8, 2025, the Company and each of its subsidiaries (together with the Company, the “Company Group”) entered into a Recapitalization Support Agreement (the “RSA”) with the lenders holding 100% of the term loan debt under the Existing Term Loan Credit Agreement (the “Consenting Term Loan Lenders” and, collectively, with any other party that executes a joinder to the RSA that subsequently becomes effective, the “Consenting Parties”). A copy of the RSA is attached to this proxy statement as Annex D and is incorporated by reference herein.

Pursuant to the RSA, the Consenting Parties have agreed to support a transaction (the “Recapitalization Transaction”) involving (i) the partial equitization of the term loans under the Existing Term Loan Credit Agreement and (ii) a recapitalization of the Company, subject to the terms and conditions of the RSA and the recapitalization term sheet attached thereto as Exhibit A (the “Term Sheet”).

The RSA provides that the Recapitalization Transaction will be implemented through either (i) a consensual out-of-court basis (the “Out-of-Court Structure”) through the Merger, without recourse to proceedings under chapter 11 of the Bankruptcy Code or (ii) an in-court basis (the “Chapter 11 Structure”) through prepackaged or prearranged cases for the Company and certain other of its subsidiaries, if any (collectively, the “Debtors”), under chapter 11 of the Bankruptcy Code (the “Chapter 11 Cases”). For additional information, see the section entitled “ Recapitalization Support Agreement