Superdry discusses £20m loan with Hilco
The news comes as rumours continue to swirl that founder Julian Dunkerton is attempting to put together a deal to take the company private
Superdry has confirmed that it is in discussions with Hilco Capital for a loan worth up to £20m.
The company stated that it was looking for £10m to provide the necessary liquidity to help implement its ongoing turn around and cost cutting plans.
Furthermore, Superdry is looking for additional £10m to assist with seasonal working capital peaks to the extent required.
Lastly, the fashion retailer is hoping to agree an extension to the maturity date of its facilities with Hilco by six months to 7 February 2025.
The company stated that there is no guarantee that any or all of these changes will be agreed upon.
The loan with Hilco is understood to be in addition to the £100m Superdry borrowed from Bantry Bay.
The news comes as rumours continue to swirl that founder Julian Dunkerton is attempting to put together a deal to take the company private. He has until 29 March to come up with a deal.
