Superdry & Co has secured a £70m refinancing package from Barclays and Bank of America to fund plans for 21 new stores in FY27. The deal includes a £60m asset-based lending facility, led by Barclays, that runs until October 2029. It also has a £10m trade finance facility backed by UK Export Finance. The package replaces arrangements made with Bantry Bay Capital and Hilco Capital in 2023, and should cut annual interest costs by about £5m. Hilco has separately extended its support until June 2028, providing up to £30m in extra funding headroom. Chief executive Julian Dunkerton said the deal gives Superdry backing to focus on growth, brand building and international expansion. The company returned to profit in FY25. The Cheltenham-based retailer operates 121 owned stores across the UK, Europe, and the US, and 131 franchise locations in 21 countries.

Barclays shares closed recently at £4.24, after a 241.9% gain over the past three years. The bank plans 5,000 job cuts tied to AI-driven efficiency efforts, and faces a class action investigation. Barclays trades on a price-to-earnings ratio of 8.0x. That is below the banks sector average of 10.9x and the peer group's 9.9x. The discount remains even after the share price reaction to the job cuts. The multiple also sits close to a fair value estimate that blends the bank's growth outlook, profitability and risk, suggesting the valuation is not stretched.

Wisr Limited has priced its seventh asset-backed securities (ABS) deal, the $304 million Wisr Momentum Trust 2026-2. It carries a weighted average margin of 1.72% above the one-month BBSW, and lifts the company's total ABS issuance to $1.78 billion. Moody's gave a AAA rating to Class A and Class A-x notes totalling $240 million, or 78.9% of the structure. The deal covers prime secured vehicle and personal loans. National Australia Bank (NAB) was arranger and dealer; Barclays, Barrenjoey, and NAB were joint lead managers. The deal frees about $6.5 million in cash through a lower equity requirement. It also adds $304 million in warehouse capacity to support Wisr's $1.2 billion loan book as of September 2026. Florian Ruff, head of funding and treasury, said the deal "reduces our cost of funds" and "broadened our international investor base.