Superdry, the clothing retailer, has confirmed that it is in talks with Bantry Bay Capital Limited to secure £70 million in funding.
The company aims to replace its existing asset-backed lending facility with the specialist lending provider.
Superdry is also in discussions with other lenders, and there is no certainty yet regarding the terms and outcome of any agreement.
The current funding deal is set to expire in two months’ time.
Despite this, Superdry remains positive about its improving prospects and projects that it will remain cash positive in the first half of the year.
The talks with Bantry Bay Capital Limited are reported to be at an advanced stage with a potential positive outcome expected to be announced soon..
