Peloton Interactive prices upsized $700 million offering of 8.625% senior secured notes due 2032
PTON•Peloton Interactive increased its senior secured notes offering to $700 million from $600 million and priced the notes at 8.625%. It plans to use the net proceeds to repay a $1 billion, five-year term loan facility.
1. Notes offering
Peloton Interactive increased its offering of senior secured notes due 2032 to $700 million from $600 million and priced them at 8.625%. The company said it will use the net proceeds to repay a $1 billion five-year term loan facility.
