Fortress provides $175 million in senior secured credit facilities to The RealReal
REAL•Funds managed by a Fortress Investment Group affiliate provided The RealReal with $175 million in senior secured credit facilities. The refinancing includes a $150 million first lien term loan funded at closing and a $25 million revolving facility for working capital and general corporate purposes.
1. Credit facilities
Funds managed by a Fortress Investment Group affiliate provided The RealReal with $175 million in senior secured credit facilities, with the affiliate serving as agent and sole lender. The refinancing includes a $150 million first lien term loan funded at closing and a $25 million revolving credit facility available for working capital and general corporate purposes.
