debt
confidence high
sentiment neutral
materiality 0.50
Rent the Runway adds $10M incremental term loan facility for working capital
Rent the Runway, Inc.
- Third Amendment to credit agreement dated Sept 1, 2026 establishes $10,000,000 incremental term loan facility.
- Proceeds will be used for working capital and other general corporate purposes.
- Lenders include CHS (US) Investments, APS RTR Blocker, Gateway Runway, and S3 RR Aggregator.
- Credit parties release agent and lenders from claims arising on or before the Third Amendment effective date.
- Amendment also updates UCC filing jurisdictions, real property, and existing investments schedules.