Jun. 25 at 12:40 AM
$RENT This co was never profitable, business model is flawed, CEO left, CFO left and debt provider controls the board... I put this in the "it is going to take a miracle" stack of companies that I have looked at their financials and history. At 3.21 - good short? Not advice on my part.
A Second Amendment signed on April 1, 2026, allows RTR to capitalize interest rather than make cash interest payments until May 3, 2027. This means interest is paid-in-kind (PIK) by adding it to the principal loan balance.Operational Expense Caps: Instead of maintaining harsh financial ratios (like leverage or interest coverage ratios), the remaining covenants rely heavily on strict quarterly and annual caps on operational lines, specifically inventory capital expenditures (capex), marketing spend, and fixed operating expenses.
How will strict quarterly and annual caps on operational lines, specifically inventory capital expenditures (capex), marketing spend, and fixed operating expenses impact the co?
