Superior Industries International Inc., one of the world’s leading aluminum wheel suppliers for OEMs and the European aftermarket, has announced that it has successfully repriced its $384.8 million Term Loan B. The amendment reduces the interest rate spread 0.50 percent from LIBOR plus 4.5 percent to LIBOR plus 4 percent. The amendment is effective June 29, 2018.

The lower interest rate resulting from the amendment is expected to reduce the company’s annual interest expense by approximately $2 million.