Oct. 29 at 2:55 AM
$RENT PR after the AH close here
Rent the Runway Announces Closing of Recapitalization Transactions
Rent the Runway announced the completion of its previously disclosed recapitalization transactions, reducing total outstanding debt to
$120 million and extending its maturity to 2029. Aranda Principal Strategies converted a significant portion of its debt into equity, while APS, STORY3 Capital Partners, and Nexus Capital Management contributed
$20 million in new capital. The company also raised approximately
$12.5 million in gross proceeds.