United States securities and exchange commission logo
October 13, 2021
Jennifer Y. Hyman
Chief Executive Officer
Rent the Runway, Inc.
10 Jay Street
Brooklyn, New York 11201
Re: Rent the Runway,
Inc.
Registration
Statement on Form S-1
Filed October 4,
2021
File No. 333-260027
Dear Ms. Hyman:
We have reviewed your registration statement and have the
following comments. In
some of our comments, we may ask you to provide us with information so
we may better
understand your disclosure.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe our comments apply to your
facts and
circumstances or do not believe an amendment is appropriate, please tell
us why in your
response.
After reviewing any amendment to your registration statement and
the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-1 Filed October 4, 2021
Use of Proceeds, page 71
1. Please disclose the
interest rates and maturity dates of the credit agreements under which
you intend to use the
net proceeds of this offering to repay certain amounts. Refer to
Instruction 4 to Item
504 of Regulation S-K.
Brands and Products
Product ROI, page 92
2. We have reviewed your
response to comment 2 but do not concur with your view that
investors would not
find the fiscal year 2020 comparable factors to be meaningful, or that
they could be
misleading. As requested in our prior comment, please revise to include
comparable factors for
fiscal year 2020.
Jennifer Y. Hyman
Rent the Runway, Inc.
October 13, 2021
Page 2
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
You may contact Blaise Rhodes at 202-551-3774 or Linda Cvrkel at
202-551-3813 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Taylor Beech at 202-551-4515 or Jacqueline Kaufman at 202-551-3797 with
any other
questions.
Sincerely,
FirstName LastNameJennifer Y. Hyman
Division of
Corporation Finance
Comapany NameRent the Runway, Inc.
Office of Trade &
Services
October 13, 2021 Page 2
cc: Marc D. Jaffe, Esq.
FirstName LastName