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PELOTON INTERACTIVE, INC. ANNOUNCES PRICING OF OFFERING OF $300.0 MILLION 5.50% CONVERTIBLE SENIOR NOTES DUE 2029
PTONPeloton(PTON) Prnewswire· Prnewswire·2024-05-22 03:45

NEW YORK, May 21, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced the pricing of 300.0 millionaggregateprincipalamountofConvertibleSeniorNotesdue2029(the"notes")inaprivateoffering(the"offering")topersonsreasonablybelievedtobequalifiedinstitutionalbuyerspursuanttoRule144ApromulgatedundertheSecuritiesActof1933,asamended(the"SecuritiesAct"),anupsizefromthepreviouslyannouncedofferingsizeof300.0 million aggregate principal amount of Convertible Senior Notes due 2029 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"), an upsize from the previously announced offering size of 275.0 million. Peloton also ...