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)

Wait 5 sec.

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 …