Peloton Interactive, Inc. Announces Launch of Global Refinancing

NEW YORK--(BUSINESS WIRE)--Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced the launch of a private offering (the "offering") of $600.0 million aggregate principal amount of senior secured notes due 2032 (the "notes") and the proposed entry into a $200.0 million five-year revolving credit facility (the “new revolving facility”). Peloton intends to use the net proceeds from the offering, together with cash on hand, to repay all term loans outstanding under its existing $1.0 b.