Superior Industries closes acquisition by term loan investors, converting loans into equity, with Oaktree Capital's support.
SOUTHFIELD, Mich.--Superior Industries International, Inc. revealed the completion of its acquisition by a consortium of term loan investors, led by Oaktree Capital Management. The investors have transformed a considerable share of their term loans into equity, enhancing the company's financial position. Additionally, the extinguishment of the Company’s preferred stock has fortified its capital structure.
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