Company: SSUP
Filing Date: 2025-06-06
Form Type: 8-K
Source: 0001193125-25-137093
Chunk: 1

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-06-06
Form: 8-K
Item: Item 1.01
Chunk 1
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ization payments during the Accommodation Period (as defined in the Term Loan Amendment). The Term Loan Amendment also included, among other things, a limited waiver of the financial covenants under the Term Loan Agreement for the test period ending on June 30, 2025 and permission to unwind the Company’s and its subsidiaries’ hedging arrangements and retain the proceeds thereof. The Term Loan Agreement also includes additional reporting covenants, including a requirement to deliver periodic13-weekcash flow reports, as well as a requirement to limit the disbursements of the Company to no greater than 110% of budgeted disbursements.

Simultaneously with the execution of the Term Loan Amendment, the Company, the other borrowers party thereto, JPMorgan Chase Bank, N. A., in its capacity as administrative agent and collateral agent, and the lenders and issuing banks party thereto, entered into a Second Amendment to Credit Agreement (the “ Revolving Credit Agreement Amendment”) to the Company’s existing revolving credit agreement (the “ Existing Revolving Credit Agreement” and, as amended by the Revolving Credit Agreement Amendment, the “ Revolving Credit Agreement”), dated as of December 15, 2022, pursuant to which, among other things, the lenders party thereto agreed to (i) a limited waiver of the financial covenants under the Revolving Credit Agreement for the test period ending on June 30, 2025, (ii) the Company’s unwinding of its and its subsidiaries’ hedging arrangements and the retention by the Company of the proceeds thereof and (iii) the incurrence of the Delayed Draw Term Facility.

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

The foregoing descriptions of the Term Loan Amendment and the Revolving Credit Agreement Amendment do not purport to be complete and are qualified in their entirety by reference to the Term Loan Amendment and the Revolving Credit Agreement Amendment, respectively, attached as Exhibit 10.1 and 10.2, respectively, to this Current Report on Form8-K, which are, in each case, incorporated herein by reference.

  Item 2.03.      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

The information set forth under Item