RealReal entered additional strategic debt exchange deals to cut its total indebtedness by over $6 million and extend a significant portion of its remaining 2028 maturities to 2031.
- Deal with certain holders of its 1.00% convertible senior notes due 2028 for additional 4.00% convertible senior notes due 2031
- Following exchange of about $49.5 million of 2028 notes, less than $50 million of the 2028 Notes to remain outstanding
- Moelis & Co. serving as financial adviser to RealReal
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