PTON is launching a private offering of $600.0 million in senior secured notes due 2032 and seeking a $200.0 million five-year revolving credit facility, aiming to cut interest expense and extend maturities to 2032. Proceeds plus cash on hand will be used to repay its existing $1.0 billion five-year term loan that comes due in 2029. While the notes have not yet been priced, they are being marketed to investors in the low-to-mid 9% range, below the 10.5% to 11% PTON is paying on the current loan. S&P chimed in, assigning ... Log in to view full article.