Superior Industries Converts Debt to Equity in Investor Acquisition
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Superior Industries International Inc. has converted a portion of its term loans into equity, strengthening its capital structure. This transaction, involving investors like Oaktree Capital Management, aims to enhance the company's balance sheet for long-term growth in the wheel industry. Additionally, Michael Dorah has been appointed as the new CEO, succeeding Majdi Abulaban. The news was generated by Public Technologies using AI and is based on information published by Superior Industries via the SEC's EDGAR system.
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