{"url_path":"/sec/sgc/8-k/2026-08-11/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **         **Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/95574/0001437749-26-026859-index.html","accession_number":"0001437749-26-026859","cik":"0000095574","ticker":"SGC","issuer_name":"SUPERIOR GROUP OF COMPANIES, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/95574/0001437749-26-026859-index.html","primary_entity_key":"0000095574","primary_entity_name":"SUPERIOR GROUP OF COMPANIES, INC."},"word_count":558,"has_tables":true,"body_markdown":"**Item 1.01**         **Entry into a Material Definitive Agreement.**\n\n \n\nOn August 7, 2026, Superior Group of Companies, Inc., a Florida corporation (the “Company”), entered into an Amended and Restated Credit Agreement (the “A&R Credit Agreement”) among the Company, the domestic subsidiaries of the Company, as guarantors, the lenders party thereto (the “Lenders”), and PNC Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”), pursuant to which the Lenders are providing the Company senior secured credit facilities consisting of a revolving credit facility in the aggregate maximum principal amount of $125 million and a term loan in the aggregate principal amount of $75 million (collectively, the “A&R Credit Facilities”), and the ability to request incremental revolving credit or term loan facilities in an aggregate amount of up to an additional $75 million, subject to obtaining additional lender commitments and satisfying certain other conditions. The A&R Credit Facilities will accrue interest at a variable rate equal to the secured overnight financing rate (“SOFR”) plus a margin of between 1.125% and 2.125% (depending on the Company’s consolidated total net leverage ratio). During the term of the revolving credit facility, the Company will pay, on a quarterly basis, a commitment fee on the unused portion of the revolving credit facility equal to between 0.125% and 0.250% (depending on the Company’s consolidated total net leverage ratio). At closing, the Company paid the Administrative Agent and the Lenders certain upfront fees and agreed to pay the Administrative Agent an annual administrative fee. The A&R Credit Facilities have a term of five years.\n\n \n\nThe A&R Credit Agreement contains customary events of default and negative covenants, including but not limited to those governing indebtedness, liens, fundamental changes, investments, restricted payments (including dividends and related distributions), liquidations, mergers, consolidations or acquisitions, affiliate transactions and sales of assets or subsidiaries. The A&R Credit Agreement also requires the Company to comply with 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 A&R Credit Facilities are secured by substantially all of the operating assets of the Company as collateral, and the Company’s obligations under the A&R Credit Facilities are guaranteed by all of its domestic subsidiaries. The Company’s obligations under the A&R Credit Facilities are subject to acceleration upon the occurrence of an event of default as defined in the A&R Credit Agreement.\n\n \n\nThe proceeds of the A&R Credit Facilities were used in part to refinance the Company’s existing indebtedness with PNC Bank, National Association and the other lenders under the Credit Agreement dated as of August 23, 2022 between the Company and PNC Bank and that agreement’s lenders (the “Original PNC Credit Agreement”).\n\n \n\nThe foregoing descriptions of the A&R Credit Agreement and the A&R Credit Facilities are qualified by reference to the full text of the A&R Credit Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference. The A&R Credit Agreement has been included to provide investors with information regarding its terms. The representations, warranties and covenants contained in the A&R Credit Agreement were made only for purposes of the A&R Credit Agreement and as of specific dates, were solely for the benefit of the parties to the A&R Credit Agreement, are subject to limitations agreed upon by the parties thereto, and should not be relied upon by investors."}