Financing ·
Prices $700M of 8.625% senior secured notes due 2032 to refinance existing term loans
PTONPeloton Interactive, Inc.
Peloton Interactive priced a private offering of $700 million aggregate principal amount of 8.625% senior secured notes due in 2032, upsizeing the previously announced $600 million offering. The company intends to use net proceeds, combined with cash on hand, to repay all outstanding term loans under its existing $1 billion five-year term loan facility and pay related fees. The transaction is expected to settle on November 20, 2026. Peloton Interactive manufactures connected fitness equipment and provides digital subscription services.