Peloton Interactive, Inc. Announces Launch of Global Refinancing

Peloton launched a private offering of $600.0 million senior secured notes due 2032 alongside a proposed $200.0 million five-year revolving credit facility. Net proceeds plus cash on hand will repay all term loans under its existing $1.0 billion term loan facility, which will be terminated; remaining proceeds go to general corporate purposes, possibly including buybacks.

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