Rent the Runway Inc. has completed a significant debt restructuring and capital infusion as part of its broader recapitalization plan. The company announced that Aranda Principal Strategies (APS) converted a substantial portion of its existing debt investment into common equity ownership. Additionally, APS, STORY3 Capital Partners, and Nexus Capital Management contributed $20 million in cash to Rent the Runway's balance sheet. As a result of these transactions, the company reduced its total outstanding debt to $120 million and extended the debt maturity to 2029. Concurrently, a rights offering brought in approximately $12.5 million in additional gross proceeds. The company highlighted that these measures have strengthened its balance sheet and improved financial flexibility for future growth.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001468327-25-000235), on December 12, 2025, and is solely responsible for the information contained therein.
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