---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-313321"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2021-10-29T23:59:59+00:00"
generated_at: "2026-06-28T16:11:44.409534+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway completes $357M IPO, amends credit facility to $271.6M at 12% rate

## Summary
- IPO of 17,000,000 shares at $21.00 per share; gross proceeds $357.0M before expenses.
- Credit facility amended: maturity extended to Oct 2024, principal reduced to $271.6M, interest rate 12% (up to 5% PIK), minimum liquidity covenant $50M.
- Used net proceeds to repay entire Ares Facility and $60.0M of outstanding term loans under the Credit Facility.
- Stockholders Agreement: Bain, Highland, and Founder designate board nominees; initial board of 11 directors detailed.
- Issued 394,343 warrants to lenders in connection with the credit facility amendment.

## SEC filing metadata
- accession: 0001193125-21-313321
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2021-10-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000119312521313321/0001193125-21-313321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000119312521313321/d211519d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-313321
- JSON: https://secwatch.observer/filing/0001193125-21-313321.json
- Plain text: https://secwatch.observer/filing/0001193125-21-313321.txt

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