Superior Industries reduces pricing on $384.8 million of term loans

By Sarah Lizee

Olympia, Wash., June 29 – Superior Industries International, Inc. entered into a fourth amendment to its credit agreement with Citibank, NA as administrative and collateral agent on Friday to reprice its $384.8 million of existing term loans, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings now bear interest at Libor plus 400 basis points, down from Libor plus 450 bps previously.

The terms and conditions under the credit agreement are otherwise substantially the same, the filing noted.

Superior Industries is a Southfield, Mich.-based manufacturer of aluminum wheels for passenger cars and light-duty vehicles.

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