The RealReal Targets Medium — Term Adjusted EBITDA Margin of 15 — 20%
The RealReal expects its $150 million senior secured term loan refinancing to reduce annual total interest expense by approximately $4 million initially. The loan initially bears interest at SOFR plus 5.75%, versus 13% on the 2029 Notes; secured debt maturity extends to October 2033. Medium-term targets include reducin