---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-010546"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:47:46.394643+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway recapitalization: $100M debt-for-equity swap, $20M new loans, $12.5M rights offering

## Summary
- Lender exchanges $100M debt for new term loans; contributes excess debt for 86% of outstanding Class A shares.
- New $120M credit facility: $100M exchange loans + $20M new money, maturing 4 years post-closing at SOFR+5%.
- Rights offering of $12.5M at $4.08/share, fully backstopped by Investor Group (CHS, Nexus, Story3).
- Board will be reconstituted to 7 members post-closing; Jennifer Hyman remains CEO; 6 directors tender contingent resignations.
- Gwyneth Paltrow resigned effective August 19, 2025; no disagreement with company.

## SEC filing metadata
- accession: 0000950103-25-010546
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000095010325010546/0000950103-25-010546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000095010325010546/dp233293_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-010546
- JSON: https://secwatch.observer/filing/0000950103-25-010546.json
- Plain text: https://secwatch.observer/filing/0000950103-25-010546.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.