Superdry plc: Amended Financing Agreement (1615737)
April 25 2023 - 2:00AM
UK Regulatory
Superdry plc (SDRY) Superdry plc: Amended Financing Agreement
25-Apr-2023 / 07:00 GMT/BST
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) NO. 596/2014, WHICH FORMS PART OF
UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
25 April 2023
Superdry PLC
("Superdry" or the "Company")
Amended Financing Agreement
Further to the Company's announcement on 14 April 2023, Superdry
today announces the agreement of amendments to its financing
facility, pursuant to which its lender, Bantry Bay, has agreed to
increase the borrowing availability level under its asset-backed
facility until completion of the previously announced sale of the
APAC business.
The Company currently has in place an asset-backed loan of up to
GBP80m. The borrowing availability levels under the asset-backed
facility is determined by the Company's asset base, which is
currently reduced on account of a seasonal low in the Company's
working capital cycle, alongside the previously reported weaker
performance of the Wholesale division. As at close of business 24
April, the Company's net debt position is circa GBP26m.
For further information
Superdry
Shaun Wills shaun.wills@superdry.com +44 (0) 1242 586747
Chris MacDonald investor.relations@superdry.com +44 (0) 1242 586747
Joint Corporate Brokers
Peel Hunt LLP +44 (0) 2074 188900
George Sellar
Mike Burke
Liberum Capital Limited +44 (0) 2031 002000
John Fishley
Edward Thomas
Media Enquiries
Tim Danaher superdry@brunswickgroup.com +44 (0) 207 4045959
On publication of this announcement via a Regulatory Information
Service, the inside information contained herein is now considered
to be in the public domain. The person responsible for arranging
this announcement on behalf of Superdry Plc is Shaun Wills, Chief
Financial Officer.
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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: GB00B60BD277
Category Code: MSCM
TIDM: SDRY
LEI Code: 213800GAQMT2WL7BW361
Sequence No.: 239155
EQS News ID: 1615737
End of Announcement EQS News Service
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