Bantry Bay is pleased to announce that it has provided a loan facility of £80m to Superdry, the global fashion brand.
The financing package will replace the existing £70m asset-based lending facility which was due to expire at the end of January 2023.
Julian Dunkerton, CEO, Superdry said: “We are delighted to have completed our refinancing with Bantry Bay, who have provided the necessary flexibility to enable us to navigate the current challenging macroeconomic environment and to focus on driving our brand strategy forward.”
Jonathan Levine, Managing Director, Bantry Bay said: “We are pleased to support an iconic global brand, and provide a stable platform for the strengthening of Superdry’s brand and product. This transaction highlights Bantry Bay’s continued appetite to provide meaningful capital to corporates in challenging market conditions.”
About Superdry
Superdry’s mission is “to be the #1 sustainable style destination”, and designs affordable, premium quality clothing, accessories and footwear which are sold around the world. The company has a clear strategy for delivering continued growth via a multi-channel approach combining stores, ecommerce, and wholesale. Superdry has 219 physical stores and around 450 franchisees and licensees. The company operates in over 50 countries and has over 4,100 staff globally.
About Bantry Bay
Bantry Bay Capital Limited is a specialist lender which provides supportive debt capital solutions to corporates undergoing change. Bantry Bay focuses on asset-based financings for private and publicly-listed companies across a wide array of industries. Independently run by its founder management team, Bantry Bay is a joint venture partnership established with Elliott, the global fund manager with in excess of $50 billion of assets under management.