| Issuer / Guarantor | The RealReal Inc |
|---|---|
| Size | USD 43.394mn |
| Type | Convertible |
| Leads | Moelis & Co |
| Maturity | 15 Feb 2031 (5.5 years) |
| Coupon | 4% (4%) |
| Premium | 25% (25%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 125% to Nov 2030 (5.2 yrs) |
| Announced | 21 Aug 2025 |