Superior Group of Companies Amends and Extends $200 Million Senior Secured Credit Facilities
Superior Group of Companies (NASDAQ: SGC) entered into an Amended and Restated Credit Agreement with PNC Bank, as administrative agent, and a syndicate of lenders.
Rhea-AI Summary
Superior Group of Companies (NASDAQ: SGC) entered into an Amended and Restated Credit Agreement with PNC Bank, as administrative agent, and a syndicate of lenders. The financing structure maintains a $125 million revolving credit facility and a $75 million term loan, for total committed capacity of $200 million.
The facilities have a new five-year term, extending the Company’s debt maturity from August 2027 to August 2031. According to the Company, it also retains the ability to request up to an additional $75 million of incremental capacity, supporting its capital allocation strategy and planned growth across business segments.
Positive
- $200 million total committed senior secured credit capacity maintained
- Debt maturity extended from August 2027 to August 2031
- Ability to request up to an additional $75 million incremental capacity preserved
Negative
- None.
Details
News Market Reaction – SGC
On Aug 11, the day this news came out, SGC closed 0.23% below the previous close. Our momentum scanner recorded 6 alerts in the available session data. Relative volume reached 1.8x the daily average during tracking.
Data tracked by StockTitan Argus for the Aug 11 session.
Key Figures
- Committed credit capacity
- $200 million
- Amended and restated credit facilities
- Revolving credit facility
- $125 million
- Amended facilities
- Term loan
- $75 million
- Amended facilities
- Incremental capacity
- $75 million
- Additional capacity the company may request
- Facility term
- Five years
- Amended credit facilities
- Debt maturity extension
- August 2027 to August 2031
- Maturity under the amended agreement
Historical Context
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Announced participation in two investor conferences scheduled for August 11 and August 13.
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Reported Q2 results, reaffirmed 2026 guidance, and declared a quarterly dividend.
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Scheduled release of second-quarter 2026 results before the market opened.
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Announced participation in the D.A. Davidson Technology and Consumer Conference.
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Announced participation in the Noble Capital Markets Emerging Growth Conference.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
senior secured credit facilities financial
amended and restated credit agreement financial
revolving credit facility financial
term loan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Refinancing extends maturity to 2031 and maintains
ST. PETERSBURG, Fla., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced that it has entered into an Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, and a syndicate of lenders.
The amended and restated facilities consist of a
“With
Additional information regarding the Amended and Restated Credit Agreement is contained in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 11, 2026, and the full text of the agreement is filed as an exhibit thereto.
Disclosure Regarding Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified by use of the words “may,” “will,” “should,” “could,” “expect,”“anticipate,” “estimate,” “believe,” “intend,” “project,” “potential,” or “plan” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements in this press release include statements regarding the Company’s capital allocation strategy and growth. Such forward-looking statements are subject to certain risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the factors described in the Company’s filings with the Securities and Exchange Commission ("SEC"), including those risks described in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 entitled "Risk Factors" and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law.
About Superior Group of Companies, Inc. (SGC):
Established in 1920, Superior Group of Companies is comprised of three attractive business segments each serving large, fragmented and growing addressable markets. Across Healthcare Apparel, Branded Products and Contact Centers, each segment enables businesses to create extraordinary brand engagement experiences for their customers and employees. SGC’s commitment to service, quality, advanced technology, and omnichannel commerce provides unparalleled competitive advantages. We are committed to enhancing shareholder value by continuing to pursue a combination of organic growth and strategic acquisitions. For more information, visit www.superiorgroupofcompanies.com.
Contacts:
Investor Relations
investors@superiorgroupofcompanies.com
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