Superior Industries Announces Refinancing
Company’s strong financial performance and long-term earnings power attracts new capital
Funds managed by
"Superior remains well-positioned to drive profitable growth, and this refinancing is a testament to our recent financial performance and long-term earnings power of our business. We are excited about our new partnership with Oaktree and are pleased to have extended our existing relationship with J.P. Morgan,” commented
“We are excited to partner with Superior. With its low-cost manufacturing footprint, broad portfolio of premium wheel finishes and talented global workforce, Superior is the best-in-class supplier of premium wheels to the North American and European automotive markets. As the global automotive market recovers, we believe Superior is poised to expand its product offering and gain wallet-share with new and existing customers,” said
Lazard served as financial advisor to Superior.
About
Superior is one of the world’s leading aluminum wheel suppliers. Superior’s team collaborates with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest light weighting and finishing technologies. Superior also maintains leading aftermarket brands ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with
View source version on businesswire.com: https://www.businesswire.com/news/home/20221219005141/en/
Investor and Media Inquiries
Superior Investor Relations
(248) 234-7104
Investor.Relations@supind.com
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