Peloton plans $200 million five-year revolving credit facility
PTON•Peloton launched a private offering of $600 million in senior secured notes due 2032 and proposed a $200 million five-year revolving credit facility. Proceeds and cash on hand will repay all loans under its existing $1 billion term loan facility, which will be terminated.
1. Refinancing plan
Peloton launched a private offering of $600 million in senior secured notes due 2032 as part of a refinancing that also includes a proposed $200 million five-year revolving credit facility. Offering proceeds and cash on hand will repay all outstanding loans under its existing $1 billion five-year term loan facility, terminating it.
2. Note terms
The notes’ interest rate will be set at pricing, and interest will be payable semiannually in arrears.
