Peloton to Launch Global Refinancing 3 Weeks After Beginning Restructuring

Peloton Interactive plans to launch a global refinancing.The connected fitness company will offer $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a$1 billion five-year term loan facility and a $100 million five-year revolving credit facility, Peloton said in a Monday (May 20) press release.“Peloton intends to use the net proceeds of the notes and the credit facilities, together with cash on hand, to repurchase approximately$800 million of i ...