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Article Date: May 2024
Word Count: 129

Peloton Looks to Refinance Debt


The struggling connected fitness giant wants to sell $275.0 million of convertible senior notes due in 2029, and enter into a new $1.0 billion five-year term loan facility and a $100.0 million five-year revolving credit facility. It will use some of the proceeds to repurchase $800.0 million of its existing 0.00% convertible senior notes due 2026. The interest rate, conversion rate and other terms of ... Log in to view full article.

 


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