The RealReal announced additional debt exchange transactions reducing total indebtedness by over $6 million.
These transactions extended a significant portion of the 2028 maturities to 2031 with less than $50.0 million outstanding.
The Company issued Additional Notes to form a single class of $190,079,000 aggregate principal amount of 4.00% Convertible Senior Notes due 2031.
Debt Reduction
Over $6 million debt reduction through debt exchange transactions.
Extended Maturities
Extended a significant portion of 2028 maturities to 2031 with less than $50.0 million outstanding.
Creation of Single Class Notes
Issued Additional Notes forming a single class of $190,079,000 aggregate principal amount of 4.00% Convertible Senior Notes due 2031.
Total Indebtedness Reduction
Total indebtedness reduced by over $86 million since the beginning of 2024.
Balance Sheet Improvement
Reinforced commitment to strengthening the balance sheet and reducing debt.
- The transactions enhance flexibility to address the remaining 2028 convertible debt.
- The Company believes it is well-positioned to execute strategic pillars and continue delivering profitable growth.
With these strategic transactions, The RealReal has significantly improved its financial position and debt structure, setting a solid foundation for future growth and stability in the luxury goods market.