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AI brief of an SEC Form 8-K · SUPERIOR GROUP OF COMPANIES, INC. (SGC)

Superior Group Extends $200 Million Credit Facilities to August 2031

Neutral Impact 3 of 5 financing Written later

On August 7, 2026, Superior Group of Companies entered into an amended and restated credit agreement with PNC Bank, National Association, as administrative agent, providing a $125 million revolving credit facility and a $75 million term loan. The company used the proceeds in part to repay its prior PNC credit agreement in full, and the company's press release says the five-year facilities extend its debt maturity from August 2027 to August 2031. The facilities are secured by substantially all of the company's operating assets and include financial covenants, including a net leverage ratio not to exceed 4.0 to 1.0.

Key points

  • $125 million revolving credit facility and $75 million term loan, with up to an additional $75 million of incremental capacity available subject to lender commitments
  • Variable interest at SOFR plus a margin of 1.125% to 2.125%, depending on consolidated total net leverage ratio
  • Maturity extended from August 2027 to August 2031; prior PNC credit agreement repaid in full with no termination penalties
  • Covenants require a fixed charge coverage ratio of at least 1.25 to 1.0 and a net leverage ratio not to exceed 4.0 to 1.0

The filing

CompanySUPERIOR GROUP OF COMPANIES, INC. (SGC)
Form8-K, current report
Filed with the SECAug 11, 2026, 7:18 AM ET
Accession number0001437749-26-026859

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.