Superior Group of Companies (SGC) disclosed that on August 7, 2026, it entered into an amended and restated credit agreement with PNC Bank and other lenders. The deal provides a $125 million revolving credit facility and a $75 million term loan, with the ability to request up to $75 million more later. Interest floats at SOFR plus a margin of 1.125% to 2.125%, the unused revolving line carries a quarterly fee of 0.125% to 0.250%, and the facilities run for five years. Part of the proceeds was used to refinance the company's existing 2022 PNC credit agreement, and the deal includes covenants requiring a fixed-charge coverage ratio of at least 1.25x and a net leverage ratio no higher than 4.0x.
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