Superior Industries Announces Closing of Senior Financing Facility
Transaction enhances liquidity and financial flexibility to support long-term strategic plan
Superior Industries International, Inc. (“Superior” or the “Company”) today announced the successful closing of a senior financing facility with PNC Bank, N.A.
The financing strengthens Superior’s liquidity position, provides enhanced financial flexibility, and establishes a committed banking relationship to support the Company’s operating priorities and long-term strategic plan. The financing also provides additional capacity to execute key initiatives across Superior’s global operations while continuing to serve customers and suppliers.
“The closing of this senior financing facility marks an important milestone in strengthening Superior's capital structure and supporting the next phase of our strategic plan,” said Michael Dorah, President and Chief Executive Officer of Superior. “With enhanced liquidity and a committed banking partner, we are well positioned to invest in our operations, support our customers and suppliers, and execute our strategic priorities.”
