Company: SSUP
Filing Date: 2025-04-02
Form Type: 8-K
Source: 0001193125-25-071386
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Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-02
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On March 31, 2025, Superior Industries International, Inc. (the “ Company”) entered into an amendment (the “ Amendment”) to its existing Amended and Restated Term Loan Agreement, dated as of August 14, 2024 (the “ Existing 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 the Existing Term Loan Agreement was amended to, among other things, (i) increase the liquidity threshold, which would trigger a mandatory prepayment of term loans, from $80 million to $115 million and (ii) include the Company’s and its subsidiaries’ ability to factor assets under certain securitization agreements in the calculation of liquidity for the purposes of determining whether a mandatory prepayment is required.

Except as amended by the Amendment, the terms of the Existing Term Loan Agreement remain in full force and effect. All other material provisions of the Existing Term Loan Agreement remain materially unchanged.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, attached as Exhibit 10.1 to this Current Report on Form8-K, which is incorporated herein by reference.