Superior Industries International Inc. has announced an amendment to its existing credit agreements as of June 4, 2025. The company entered into a Term Loan Amendment to its Amended and Restated Credit Agreement from August 14, 2024, involving lenders and financial institutions such as Oaktree Fund Administration, LLC and JPMorgan Chase Bank, N.A. Key provisions include amortization payments during a specified period, a limited waiver of financial covenants for the period ending June 30, 2025, and permission to unwind hedging arrangements while retaining proceeds. Additionally, the company has agreed to deliver periodic 13-week cash flow reports and limit its disbursements. Simultaneously, a Second Amendment to the Revolving Credit Agreement, dated December 15, 2022, was executed, allowing similar waivers and financial adjustments. These amendments aim to provide financial flexibility and support the company's strategic objectives.
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