Weil is advising Superior Industries International, Inc., one of the world’s leading aluminum wheel suppliers, in its definitive agreements to be acquired by a group of its term loan investors, including Oaktree Capital Management. As part of the transaction, the Investors will convert a significant portion of their term loans into equity which, alongside the extinguishment of the Company’s preferred stock, will better position the business for long-term growth with customers and suppliers across the global wheel industry.

As a result of the transactions, funded debt will be reduced by nearly 90% from approximately $982 million (inclusive of the preferred stock) to approximately $125 million. The transactions are expected to close in the third quarter of 2025 and are subject to customary closing conditions and receipt of required regulatory approvals. Following the closing, the Company will become privately held.

The Weil team is led by Mergers & Acquisitions partners Michael J. Aiello and Amanda Fenster and Restructuring partners Gary Holtzer and Lauren Tauro. Also advising on the transaction are Mergers & Acquisitions counsel Robert Sevalrud and associates Daniel Ruzi, Kristen Stone, Camille Perbost and Zach Roberge; Restructuring partner Garrett Fail and associates Hillarie James and Adi Bajramovic; Capital Markets partner Michael Hickey and associate Andrene Loiten; Banking & Finance partner Jessie Chiang and associates April Lewtak, Solomon Leung, Casper Lu (Not Yet Admitted in New York); Executive Compensation & Benefits Head Paul Wessel and associate Rebekah French; Real Estate partner Jessica Pillai and associate Subrina Chowdhury; Employment partner Peter Mee and associates Tom Fiascone and Heylee Bernstein; Technology & IP Transactions partner Dennis Adams and associates Colleen Seidel and Brendan McNerney; U.S. Privacy and Cybersecurity Head Olivia Greer; Antitrust partner Kristin Sanford, counsel Michael Naughton and Marie-Marie de Fays, associates Daniel Baquet, Michael Geisler; Tax partner Graham Magill and associate Grant Solomon; and Regulatory Transactions partners Seth Kerschner and Timothy Welch and associates Graham McHenry and Sisi Liu.