The RealReal in private, separately negotiated exchanges of approximately $183 million of existing convertible notes due 2028 for $147 million of new convertible notes due 2031

On February 10, 2025, The RealReal, Inc. announced it entered into private, separately negotiated debt exchange transactions with certain holders of its 1.00% Convertible Senior Notes due 2028, pursuant to which holders exchanged approximately $183 million of their existing convertible notes for approximately $147 million of new 4.00% Convertible Senior Notes due 2031.  As a result of the debt exchange transactions, the Company reduced its total indebtedness by approximately $37 million and extended a significant portion of its 2028 maturities.

Wachtell, Lipton, Rosen & Katz is serving as a legal advisor to The RealReal.