Rent the Runway, Inc.

16. Related Party Transactions

As of January 31, 2026, the Company had outstanding long-term debt, net of $156.6 million with the Investor Group. The debt is presented as Long-term debt, net on the Consolidated Balance Sheets. The Investor Group held 85% of the voting power of the Company’s outstanding Class A Common Stock as of January 31, 2026. Under the terms of the New Credit Agreement, the Company will not recognize any interest expense on the $110.0 million of term loans held by the original lender between the transaction date and the maturity of the debt. The Company recognized a nominal amount of interest expense related to the $10.0 million of new term loans held by other members of the Investor Group during the year ended January 31, 2026. On January 28, 2026, the Company entered into the First Amendment. The First Amendment removed the minimum liquidity maintenance covenant. See “Note 4 - Recapitalization Transactions” and “Note 9 - Long-Term Debt” for additional information.