PELOTON INTERACTIVE, INC. ANNOUNCES LAUNCH OF GLOBAL REFINANCING
PTONPeloton(PTON) Prnewswire·2024-05-21 04:05

NEW YORK, May 20, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced that it intends to launch a global refinancing, pursuant to which it will offer 275.0millionaggregateprincipalamountofconvertibleseniornotesdue2029(the"notes")inaprivateoffering(the"offering")andenterintoa275.0 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private offering (the "offering") and enter into a 1.0 billion five-year term loan facility (the "new term loan facility") and a $100.0 million five-year revolving credit facility (together with the new term loan facility, th ...