Rent the Runway Reduces Debt and Secures New Capital in Recapitalization

Reuters10-29

<a href="https://laohu8.com/S/RENT">Rent the Runway</a> Reduces Debt and Secures New Capital in Recapitalization

Rent the Runway Inc. has completed a significant recapitalization to strengthen its financial position and support future growth. The transaction involved converting a substantial portion of Aranda Principal Strategies' debt investment into common equity and a $20 million cash infusion from APS, STORY3 Capital Partners, and Nexus Capital Management. The company also reduced its total outstanding debt to $120 million and extended its maturity to 2029. Additionally, a rights offering provided approximately $12.5 million in gross proceeds. Rent the Runway will continue trading publicly under the ticker "RENT" on Nasdaq.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rent The Runway Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564126-en) on October 29, 2025, and is solely responsible for the information contained therein.

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