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Sandra Halliday Published
April 25,TG盗号系统破解免杀技术 2025
In a brief announcement on Tuesday, under-pressure retailer Superdry had some good news on its financing.
The company announced the agreement of amendments to its financing facility with its lender Bantry Bay. It has “agreed to increase the borrowing availability level under its asset-backed facility until completion of the previously announced sale of the APAC business”.
In March the firm said it had reached a deal for the sale of its intellectual property assets in parts of Asia Pacific for an upfront fee of $50 million, payable in cash. And it said it’s “considering additional steps to further strengthen its balance sheet”.
The company currently has in place an asset-backed loan of up to £80 million and added that the borrowing availability levels under the asset-backed facility is determined by the company’s asset base, “which is currently reduced on account of a seasonal low in the company’s working capital cycle, alongside the previously reported weaker performance of the wholesale division”.
As at close of business on Monday, the net debt position was around £26 million.
There was no information shared about how long the funding extension would last nor the financial implications for Superdry.
Tuesday’s news came after the company earlier this month said it needed to cut costs in the face of weaker consumer spending.