Crown Partners served as exclusive financial advisor to Superior Industries International on the closing of a $130 million senior financing facility with PNC Bank. The transaction completes the company’s recapitalization following its acquisition by Oaktree and other institutional investors.
The financing enhances the company’s liquidity and financial flexibility to support its long-range plan. Crown Partners structured and arranged a senior financing that allowed Superior to leverage its global asset base.
“Crown worked closely with our finance team to understand the scale and complexity of Superior’s manufacturing footprint, packaged the opportunity effectively for lenders and drove a disciplined financing process,” Michael Dorah, president and CEO of Superior, said. “Their command of our asset base, operations and strategic priorities was instrumental in helping us secure meaningful liquidity for the business.”
Bobby LaRoche, managing director at Oaktree, added, “Crown brought specialized expertise, judgment and resourcefulness to this transaction, helping the investor group evaluate capital structure alternatives across Superior’s global asset base. They anticipated key issues, positioned the opportunity effectively for lenders, and maintained control of the process throughout, ultimately delivering a financing solution that achieved our objectives.”
