Rent the Runway Announces Corporate Debt Restructuring

January 31, 2023

https://www.globenewswire.com/news-release/2023/01/31/2598296/0/en/Rent-the-Runway-Announces-Corporate-Debt-Restructuring.html

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (Nasdaq:RENT), the largest shared designer closet, today announced that it has amended its credit facility with the existing lender and administrative agent (“Existing Lender”), as noted in our disclosed regulatory filings. The amended facility extends the maturity date from October 2024 to October 2026, reduces cash interest payments, and amends certain other terms, as described below (the “Amended Facility”).

Read more at globenewswire.com

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