Rent the Runway Announces Closing of Recapitalization Transactions
Rent the Runway (Nasdaq: RENT) announced the closing of its recapitalization transactions effective Oct. 28, 2025, reducing and restructuring its balance sheet to support growth.
Key outcomes include a $20 million cash contribution from an investor group (APS, STORY3, Nexus), conversion of a substantial portion of APS debt into common equity, reduction of total outstanding debt to $120 million with maturity extended to 2029, and a concurrent rights offering yielding approximately $12.5 million of primary gross proceeds.
Rent the Runway (Nasdaq: RENT) ha annunciato la chiusura delle sue operazioni di rifinanziamento efficaci dal 28 ottobre 2025, riducendo e ristrutturando il proprio bilancio per sostenere la crescita.
Tra i risultati chiave vi è un apporto di cassa di 20 milioni di dollari da un gruppo di investitori (APS, STORY3, Nexus), la conversione di una parte sostanziale del debito APS in capitale ordinario, la riduzione del debito totale in circolazione a 120 milioni di dollari con scadenza prolungata al 2029, e una contemporanea offerta di diritti che genera circa 12,5 milioni di dollari di proventi lordi primari.
Rent the Runway (Nasdaq: RENT) anunció el cierre de sus transacciones de recapitalización con efecto el 28 de octubre de 2025, reduciendo y reestructurando su balance para apoyar el crecimiento.
Entre los resultados clave se incluye una aportación en efectivo de 20 millones de dólares por parte de un grupo de inversionistas (APS, STORY3, Nexus), la conversión de una parte sustancial de la deuda de APS en acciones comunes, la reducción de la deuda total en circulación a 120 millones de dólares con vencimiento extendido hasta el 2029, y una oferta de derechos concurrente que genera aproximadamente 12,5 millones de dólares de ingresos brutos primarios.
Rent the Runway (나스닥: RENT)가 2025년 10월 28일부로 효력을 발휘하는 재자본화 거래의 마감을 발표했고, 성장을 지원하기 위해 재무상태표를 축소 및 재구성했습니다.
주요 성과로는 투자자 그룹(APS, STORY3, Nexus)로부터 현금 기여 2000만 달러, APS 부채의 상당 부분을 보통주로 전환, 총 미상환 부채를 1억 2000만 달러로 감소시키고 만기를 2029년으로 연장, 그리고 동시의 주주권 행사로 약 1250만 달러의 주요 총수익이 발생하는 것이 포함됩니다.
Rent the Runway (Nasdaq : RENT) a annoncé la clôture de ses transactions de recapitalisation effectives le 28 octobre 2025, réduisant et restructurant son bilan afin de soutenir sa croissance.
Parmi les résultats clés figure une contribution en espèces de 20 millions de dollars d'un groupe d'investisseurs (APS, STORY3, Nexus), la conversion d'une partie substantielle de la dette APS en actions ordinaires, la réduction de la dette totale en circulation à 120 millions de dollars avec une maturité repoussée à 2029, et une émission de droits concomitante générant environ 12,5 millions de dollars de produits bruts primaires.
Rent the Runway (Nasdaq: RENT) kündigte den Abschluss seiner Rekapitalisierungstransaktionen an, die mit Wirkung zum 28. Oktober 2025 in Kraft treten, wodurch Bilanz gestärkt und neu strukturiert wird, um das Wachstum zu unterstützen.
Zu den wichtigsten Ergebnissen gehört ein Barbeitrag von 20 Millionen Dollar von einer Investorengruppe (APS, STORY3, Nexus), die Umwandlung eines wesentlichen Teils der APS-Schuld in Stammaktien, die Reduzierung der gesamten ausstehenden Schulden auf 120 Millionen Dollar mit einer bis 2029 verlängerten Fälligkeit, und eine gleichzeitige Bezugsrechtsemission, die etwa 12,5 Millionen Dollar an primären Bruttoerlösen erzielt.
Rent the Runway (بورصة ناسداك: RENT) أعلنت عن إغلاق عمليات إعادة الرسملة التي دخلت حيز التنفيذ في 28 أكتوبر 2025، مما خفض وأعاد هيكلة ميزانيتها لدعم النمو.
وتشمل النتائج الرئيسية مساهمة نقدية قدرها 20 مليون دولار من مجموعة مستثمرين (APS، STORY3، Nexus)، وتحويل جزء كبير من ديون APS إلى أسهم عادية، وتقليل إجمالي الدين القائم إلى 120 مليون دولار مع تمديد الاستحقاق حتى 2029، وعرض حقوق موازٍ يولد حوالى 12.5 مليون دولار من الإيرادات الإجمالية الأولية.
Rent the Runway（纳斯达克代码：RENT）宣布其再资本化交易已于2025年10月28日生效完成，削减并重组其资产负债表以支持增长。
主要成果包括来自一组投资者（APS、STORY3、Nexus）的 2000万美元 现金注入，将 APS 债务的大部分转换为普通股，将总在外债务降至 1.2亿美元，期限延长至 2029，以及同时进行的配股，带来约 1250万美元 的初级毛收益。
- $20 million cash added to RTR balance sheet
- Total outstanding debt reduced to $120 million
- Debt maturity extended to 2029
- Concurrent rights offering raised ~$12.5 million primary proceeds
- Substantial conversion of APS debt into common equity may dilute existing shareholders
- Company still carries a remaining debt load of $120 million
Insights
Recapitalization meaningfully reduces leverage and adds liquidity, improving near-term financial flexibility.
The transaction converts a substantial portion of APS's debt into common equity, reduces total outstanding debt to
Key dependencies and risks include the degree of ownership dilution from the debt-to-equity conversion and how the new capital is allocated. The company cites aims to support growth and profitable operations, but the statement is forward-looking and subject to the usual execution and market risks. Monitor dilution metrics and any changes in governance tied to the new equity holders for direct consequences to control and capital allocation.
Concrete items to watch over the next 12–18 months are disclosure of post-transaction capitalization and share count, the use of the
NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: RENT) – Rent the Runway, Inc. (the “Company” or “RTR”), a pioneer in apparel rental that created one of the world’s leading fashion subscription platforms, today announced the closing of its previously announced recapitalization transactions, a strategic step to enhance the Company’s financial position and flexibility by meaningfully reducing outstanding debt, extending the maturity of its remaining debt balance, and providing additional capital to support the Company’s growth initiatives.
As part of the recapitalization, Aranda Principal Strategies (“APS”) converted a substantial portion of its extant debt investment into common equity ownership, and an investor group consisting of APS, STORY3 Capital Partners (“STORY3”) and Nexus Capital Management (“Nexus”) contributed
“This recapitalization is an important milestone in Rent the Runway’s transformation,” said Jennifer Hyman, CEO and Co-founder of RTR. “By strengthening our balance sheet and partnering with APS, STORY3 and Nexus, we are now in a better position than ever to focus on our customers, deliver profitable growth, and advance our mission to reinvent how women access fashion.”
RTR will continue to operate as a public company and trade under the ticker symbol “RENT” on Nasdaq.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements include, but are not limited to, the anticipated benefits of the recapitalization, debt reduction and rights offering, future investments in the Company’s business, statements regarding the Company’s business strategy and objectives, and the impact of the Company’s growth initiatives. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward- looking statements because they contain words such as “aim,” “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “toward,” “will,” or “would,” or the negative of these words or other similar terms or expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward- looking statements are based on information available at the time those statements are made and are based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
Information regarding risks and uncertainties that could cause actual results to differ materially from the Company’s expectations is included in the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2025, and in the section entitled “Risk Factors” in the Company’s other periodic reports filed with the SEC. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
About Rent the Runway, Inc.
Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World.”
Media Contact
Press
press@renttherunway.com
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