The realreal announces proposed offering of convertible senior notes due 2025

San francisco, june 10, 2020 (globe newswire) -- the realreal, inc. (nasdaq: real)—the world’s largest online marketplace for authenticated, cosigned luxury goods—today announced that it intends to offer $125 million in aggregate principal amount of its convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). in connection with the offering, the company expects to grant the initial purchasers a 13-day option to purchase up to an additional $18.75 million in aggregate principal amount of notes. the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
REAL Ratings Summary
REAL Quant Ranking