◆ NeutralREAL
Why The RealReal Stock Popped on Thursday
The Motley Fool·
The RealReal's stock jumped 12% after announcing a debt refinancing deal. The company is replacing higher-interest debt due in 2029 with a new $150M term loan and $25M revolving credit facility at 5.75% interest, with maturity extended to October 2033. Management aims to reduce total debt from $463M to $150M while maintaining positive free cash flow growth.
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