Superdry Refinances Debt With £70 Million Barclays and Bank of America Package

Key Facts

Superdry & Co announced on November 6, 2026, that it had refinanced through Barclays and Bank of America, in a move Retail Week said came as the company shifted “from business stabilisation to growth.” The £70 million package comprises a committed £60 million asset-based lending facility and a £10 million trade finance facility, according to The Industry summary. The asset-based facility runs through October 2029. Barclays is providing the trade facility, which is backed by UK Export Finance. The deal reshapes the financing the company relied on during an earlier phase of its restructuring.

The new facilities replace financing arrangements Superdry entered into with BanyanTree Capital and Hilco Capital during the company’s transformation in 2023, according to Retail Week. The 2023 financial year results said the company had agreed a loan facility of up to £80 million with BanyanTree and an additional £25 million facility with Hilco after the end of the financial year. The refinancing therefore puts the new financing arrangements in place of a package associated with the earlier transformation phase. For the new trade finance, UK Export Finance guidance says its General Export Facility provides partial guarantees to banks for trade finance, with delegated authority of up to £10 million for each UK exporter at participating banks. That limit matches the value of Superdry’s announced trade facility.

The refinancing comes amid mixed financial results for the company. Superdry recorded a statutory pre-tax profit of £51.0 million in financial year 2025, after a loss of £65.2 million in financial year 2024, according to the shareholder circular. But revenue fell to £374.6 million in financial year 2025 from £488.6 million the previous year, a decline of 23.3%. The company attributed much of the drop to the closure of unprofitable stores, according to the circular. Net debt also rose from £12.9 million at the end of financial year 2024 to £36 million at the end of financial year 2025. The figures show that the return to statutory profitability coincided with lower revenue and higher net debt.