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The RealReal in its entry into add-on debt exchange transactions

On August 21, 2025, The RealReal (Nasdaq: REAL) announced its entry into additional strategic debt exchange transactions with certain holders of its 1.00% Convertible Senior Notes due 2028 for additional 4.00% Convertible Senior Notes due 2031, reducing its total indebtedness by over $6 million and extending a significant portion of its remaining 2028 maturities to 2031.  Following the exchange of approximately $49.5 million aggregate principal amount of the 2028 Notes in connection with these transactions, less than $50 million aggregate principal amount of the 2028 Notes will remain outstanding.

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

 

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