Peloton, a connected bikes, treadmills, fitness mirrors, and rowers manufacturer, announced securing USD 1.35 billion in refinancing. The refinancing transactions included closing a new five-year syndicated loan of USD 1 billion, which consisted of securing a USD 100 million revolving credit facility with J.P. Morgan and Goldman Sachs and raising USD 350 million from new and existing investors through an upsized private offering of convertible senior notes due in 2029. The funds secured will be used to reduce overall debt, extend debt maturities, and seek more flexible loan terms.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.