AG真人官方

The AG真人官方AG真人官方 Announces Extinguishment of Remaining 3% Convertible Senior Notes Due 2025

SAN FRANCISCO, June 16, 2025 (GLOBE NEWSWIRE) -- 听(狈补蝉诲补辩: REAL)鈥攖he world鈥檚 largest online marketplace for authenticated, resale luxury goods鈥攐n June 13, 2025, paid the remaining $26,749,000 in aggregate principal amount of its 3% Convertible Senior Notes due 2025 (鈥�2025 Notes鈥�). The AG真人官方AG真人官方 has reduced indebtedness by a total of $63 million year to date and $81 million over the last 16 months.

Ajay Gopal, The AG真人官方AG真人官方鈥檚 Chief Financial Officer, stated, 鈥淭he paydown of our remaining 2025 Notes represents another milestone on our path to reducing leverage and strengthening our balance sheet. Given the capital-light nature of our business and our favorable working capital dynamics, we are well-positioned to generate cash efficiently as we grow. Deleveraging over time enhances our financial flexibility, enables us to advance our strategic growth initiatives, and reinforces our leading position in the luxury resale market."

About听The AG真人官方AG真人官方 Inc.
The AG真人官方AG真人官方 is the world鈥檚 largest online marketplace for authenticated, resale luxury goods, with more than 38 million members. With a rigorous authentication process overseen by experts, The AG真人官方AG真人官方 provides a safe and reliable platform for consumers to buy and sell their luxury items. We have hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day. As a sustainable company, we give new life to pieces by thousands of brands across numerous categories鈥攊ncluding women's and men's fashion, fine jewelry and watches, art and home鈥攊n support of the circular economy. We make selling effortless with free virtual appointments, in-home pickup, drop-off and direct shipping. We handle all of the work for consignors, including authenticating, using AI and machine learning to determine optimal pricing, photographing and listing their items, as well as shipping and customer service.

Investor Relations Contact:
Caitlin Howe
听

Press Contact:
Mallory Johnston
听

Forward-Looking Statements

This press release contains forward-looking statements relating to, among other things, the future performance of The AG真人官方AG真人官方 that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. In some cases, you can identify forward-looking statements by terminology such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渆xpect,鈥� 鈥減lan,鈥� anticipate,鈥� target,鈥� 鈥渃ontemplate,鈥� 鈥減roject,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥減redict,鈥� 鈥渋ntend,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渙ngoing鈥� or the negative of these terms or other comparable terminology. These statements include, but are not limited to, statements about future operating and financial results, including our strategies, plans, commitments, objectives and goals, in particular in the context of the recent geopolitical events, and uncertainty surrounding macroeconomic trends, financial guidance, anticipated growth in 2025, the anticipated impact of generative AI, and medium-term goals and projections. Actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Other factors that could cause or contribute to such differences include, but are not limited to, inflation, macroeconomic uncertainty, geopolitical instability, any failure to generate a supply of consigned goods, pricing pressure on the consignment market resulting from discounting in the market for new goods, failure to efficiently and effectively operate our merchandising and fulfillment operations, labor shortages and other reasons.

More information about factors that could affect the company's operating results is included under the captions 鈥淩isk Factors鈥� and 鈥淢anagement's Discussion and Analysis of Financial Condition and Results of Operations鈥� in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q, copies of which may be obtained by visiting the company's Investor Relations website at https://investor.therealreal.com or the SEC's website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements.