Superior Industries International has signed a commitment letter with J.P. Morgan Securities LLC as lead arranger, JPMorgan Chase Bank, N.A. as administrative agent, and Wells Fargo Bank, National Association as syndication agent for a $100 million senior secured revolving credit facility.

The facility will have a term of five years and contain an expansion feature providing for additional revolving credit or term loans in an amount up to $50 million. The $50 million expansion feature has not yet been committed to by any lenders. The commitment and obligations of the lenders are subject to customary terms and conditions. Closing of the transaction is anticipated to occur prior to the end of the year.

The company anticipates using the facility for general corporate purposes and to take advantage of future opportunities to support profitable growth and create shareholder value.

Superior is the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America. From its plants in the U.S. and Mexico, the company supplies aluminum wheels to the original equipment market. Major customers include BMW, Chrysler, Ford, General Motors, Mitsubishi, Nissan, Subaru, Tesla, Toyota and Volkswagen.