Peloton Announces Successful Completion of $1.35 Billion Holistic Refinancing

Refinancing Reduces Debt and Extends Maturities to Support Peloton's Future GrowthNEW YORK, May 30, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced it has successfully completed a holistic refinancing that reduced overall debt, extended debt maturities and achieved more flexible loan terms.Summary of Transactions The Company syndicated and closed a new $1 billion five-year term loan facility with a broad investor base (the "new TLB facility")The Company raised $350 ...