Superior Industries Group realizes restructuring with WEIL

Frank­furt a. M. — The Munich, Frank­furt and New York offices of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP have advi­sed Supe­rior Indus­tries Group, a leading global manu­fac­tu­rer of alumi­num wheels for the auto­mo­tive indus­try, on the successful comple­tion of the restruc­tu­ring of its Euro­pean business.

As part of the restruc­tu­ring process, the German subsi­diary Supe­rior Indus­tries Produc­tion Germany GmbH was placed under protec­tive shield procee­dings. After it was not possi­ble to restruc­ture the Werdohl site due to the econo­mic condi­ti­ons, the Supe­rior Indus­tries Group succee­ded in relo­ca­ting produc­tion from Werdohl to Poland within an extre­mely tight time­frame. During the relo­ca­tion, deli­veries to OEM custo­mers were main­tai­ned in full. In addi­tion, the majo­rity of the employees affec­ted were able to find new employ­ment by setting up a trans­fer company. 

Prior to the restruc­tu­ring, Weil had alre­ady provi­ded legal advice to the company in connec­tion with the raising of new term loan finan­cing. Both Supe­rior Indus­tries Produc­tion Germany GmbH and other German Supe­rior Indus­tries group compa­nies were origi­nally invol­ved in this. As part of the restruc­tu­ring, Weil supported the corre­spon­ding imple­men­ta­tion of all restruc­tu­ring measu­res while conti­nuing the finan­cing. Paral­lel to the relo­ca­tion of produc­tion and the realignment of the Euro­pean busi­ness, the term loan finan­cing was then exten­ded in August 2024 to redeem a USD 200 million bond issued at the level of Supe­rior Indus­tries Inter­na­tio­nal, Inc. 

The restruc­tu­ring of the Euro­pean acti­vi­ties of the Supe­rior Indus­tries Group was one of Weil’s most important restruc­tu­ring manda­tes in Europe and once again demons­tra­tes the firm’s extra­or­di­nary exper­tise in trans­at­lan­tic restruc­tu­ring cases.

Advi­sor Supe­rior Indus­tries Group: Weil, Gotshal & Manges LLP

The Weil team was led by Prof. Dr. Gerhard Schmidt (Munich) and included part­ners Tobias Geer­ling (Tax, Munich), Michael Hickey and Jessie Chiang (both Corpo­rate, New York), coun­sel Andreas Fogel (Corpo­rate, Munich), Dr. Matthias Eiden (Restruc­tu­ring, Frank­furt), Dr. Konstan­tin Hoppe (Liti­ga­tion, Munich), Thomas Zimmer­mann (Finance, Munich) and Gero Pogrzeba (Liti­ga­tion, Frank­furt) as well as asso­cia­tes Caro­lin Vetter­mann (Tax, Munich), Dr. Chris­to­pher Schlet­ter (Corpo­rate, Munich), Hans-Chris­­tian Mick (Finance, Frank­furt), Silvia Lengauer (Finance, Munich), Nico­las Nöller, Melina Husic (both Restruc­tu­ring, Frank­furt) and Daniel Mati­je­vic (Liti­ga­tion, Munich).

About Weil

Weil, Gotshal & Manges is an inter­na­tio­nal law firm with more than 1,100 lawy­ers. Weil has offices in New York, Boston, Brussels, Dallas, Frank­furt, Hong Kong, Hous­ton, London, Los Ange­les, Miami, Munich, Paris, San Fran­cisco, Washing­ton, D.C. and Sili­con Valley. In Germany, the firm has two offices and around 60 lawyers/tax advi­sors in Frank­furt and Munich. The focus here is on provi­ding specia­li­zed advice to natio­nal and inter­na­tio­nal clients on cross-border private equity and M&A tran­sac­tions, high-profile liti­ga­tion manda­tes, complex restruc­tu­rings and finan­cings as well as tax struc­tu­ring. www.weil.com