Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 124

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 124
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 OF CONTENTS

RECAPITALIZATION SUPPORT AGREEMENT This section describes the material terms of the RSA. The description in this section and elsewhere in this proxy statement is qualified in its entirety by reference to the complete text of the RSA, a copy of which is attached as Annex D to this proxy statement and is incorporated by reference herein in its entirety. This summary does not purport to be complete and may not contain all of the information about the Recapitalization Support Agreement. You are encouraged to read the RSA carefully and in its entirety. Concurrently with the execution of the Merger Agreement on July 8, 2025, the Company Group entered into the RSA with the Consenting Parties. Pursuant to the RSA, the Consenting Parties have agreed to support 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 Term Sheet attached thereto as Exhibit A. The RSA provides that the Recapitalization Transaction will be implemented through either (i) an Out-of-Court Structure through the Merger, without recourse to proceedings under chapter 11 of the Bankruptcy Code or (ii) the Chapter 11 Structure through prepackaged or prearranged cases for the Debtors, under chapter 11 of the Bankruptcy Code. The Term Sheet contemplates, among other things:

| • | That the Recapitalization Transaction will be implemented either (i) through the Out-of-Court Structure through the Merger Agreement or (ii) through the Chapter 11 Structure if the following milestones are not met: |

| ○ | (z) the Merger is not approved by the required vote at a duly called meeting of the stockholders of the Company (or any adjournment or postponement thereof) prior to: |

| • | Each Consenting Term Loan Lender will consent to: |

| ○ | the conversion, on a dollar-for-dollar basis, to Take Back Term Loans (as defined in the Term Sheet) of an amount of its Existing Term Loan Claims (as defined in the Term Sheet) that will result in (x) the aggregate principal amount of funded debt, preferred equity or other securities entitled to recover before the New Common Equity (as defined in the Term Sheet), in each case, of Reorganized Superior (as defined in the Term Sheet), and its subsidiaries immediately following the Effective Time less (y) the aggregate amount