Business Wire·Nov 10, 2026, 4:05 PM ET

Peloton Interactive, Inc. Announces Upsize and Pricing of Offering of $700.0 Million 8.625% Senior Secured Notes Due 2032

Peloton Interactive, Inc. announced the upsize & pricing of $700.0 million in 8.625% senior secured notes due in 2032.
The offering size increased from the previously announced $600.0 million aggregate principal amount.
The notes were sold via private offering to qualified institutional buyers under Rule 144A & outside the United States under Regulation S.
The sale to initial purchasers is expected to settle on November 20, 2026, subject to customary closing conditions.
The transaction is part of a broader refinancing plan that includes a proposed $200.0 million five-year revolving credit facility.
Peloton intends to use net proceeds & cash on hand to repay all outstanding term loans under its existing $1.0 billion five-year term loan facility.
Any remaining net proceeds will be used for general corporate purposes, including potential stock repurchases, capital expenditures, working capital, & acquisitions.
The closing of the offering is not conditioned upon the entry into the new revolving facility or the repayment of the existing term loan facility.