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Superdry at Deisgner Outlet Parndorf. /// credit: Designer Outlet Parndorf
Superdry at Deisgner Outlet Parndorf. /// credit: Designer Outlet Parndorf

Superdry Negotiates Additional Million-Euro Loans

The ailing British clothing supplier Superdry Plc is seeking additional funding. Early this week, the company confirmed recent media reports about corresponding negotiations with its lender Hilco.

The talks are about increasing the existing loan volume by a total of around 20 million British pounds, Superdry explained in a statement, while ten million British pounds have also been earmarked to cover seasonal capital requirements.

According to the company, it is also seeking to extend the term of Hilco’s existing credit lines by six months until February 7, 2025. However, it is currently not certain whether an agreement will be reached on the desired changes, the clothing supplier explained.

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