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Published 1 year ago

US hedge fund to refinance Superdry with £70m package

Summary by City AM
US hedge fund Elliott Advisors is set to refinance Superdry with a £70m funding as the clothing company is due to repay its debts early next year.Advised by PwC, Superdry is in talks with Bantry Bay – a London-based fund backed by Elliott – to ensure the new asset-backed lending facility before the January deadline, the Sunday Times reported.“Our asset backed lending facility of up to £70m is due to expire at the end of January 2023, although cu…

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US hedge fund to refinance Superdry with £70m package

US hedge fund Elliott Advisors is set to refinance Superdry with a £70m funding as the clothing company is due to repay its debts early next year.Advised by PwC, Superdry is in talks with Bantry Bay – a London-based fund backed by Elliott – to ensure the new asset-backed lending facility before the January deadline, the Sunday Times reported.“Our asset backed lending facility of up to £70m is due to expire at the end of January 2023, although cu…

1 year ago·London, United Kingdom
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