Superdry (LON: SDRY) confirmed it is in negotiations with Bantry Bay Capital regarding replacing its existing up to £70m asset-backed lending facility.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
The British fashion firm is aiming to secure new backing before the lending facility expires at the end of January.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Superdry shares are now down at the start of Monday’s session, falling more than 2% after initially opening higher. The stock has declined more than 53% in 2022.
In its final results in early October, Superdry highlighted the importance of refinancing its Asset Backed Lending facility.
At the time, the company said it had “positive discussions with prospective lenders” but acknowledged that, until the discussions conclude, a “material uncertainty exists around the going concern of the Group.”
However, it also added that it continued to make good progress and believed the initiatives would help to offset some of that potential risk.
In today’s announcement, the company confirmed that it is still in talks with other lenders, and further information will be made available as and when appropriate.
“There can be no certainty that an agreement will be reached, nor as to the terms of any such agreement and we remain in discussions with other lenders,” the company said in its statement.
