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Superior Industries Announces Closing of Acquisition by a Group of Existing Term Loan Investors
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Superior Industries Announces Closing of Acquisition by a Group of Existing Term Loan Investors
Superior Industries International, today announced the successful closing of its previously announced acquisition by a group of its term loan investors, including Oaktree Capital Management. As part of the transaction, the Investors have converted a significant portion of their term loans into equity and, together with the extinguishment of the Company’s preferred stock, have established a stronger capital structure to support long-term growth w…
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