The hoodie designer said it has agreed with its existing lenders HSBC and BNPP a new £70mln loan facility, valid until January 2023, to replace an existing one due to expire in January 2022.
As at August 6, 2020, the retailer noted that it had £57.8mln of net cash, against £39.8mln as reported on May 7.
Despite 95% of Superdry's stores now operating, its total revenue was 24% down in the 13 weeks to July 25, 2020, including a 32% decline in like-for-like sales, while e-commerce sales rocketed by 93% compared to 2019.
Analysts at Liberum said new bank facility further provides significant liquidity.
"There is significant recovery opportunity ahead with autumn/winter 2020 where new product and ranges not only look very promising but could provide a step-change in trading performance across the group," they added.
Shares shot up 17% to 138.2p on Monday in early trades.
--Adds analyst comment, shares--