Will's Blog: Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing (Bloomberg)

22 August 2025

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing (Bloomberg)

Bloomberg:
Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing — Rent the Runway Inc. will hand over a controlling stake in the company as part of a plan to cut debt and grow …

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