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Peloton Taps Junk-Bond Market for First Time in Refinancing Deal

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Peloton Taps Junk-Bond Market for First Time in Refinancing Deal Peloton Interactive Inc. is tapping the junk-bond market for the first time, looking to raise about $600 million from a new offering. The fitness technology company is selling a bond maturing in just over five years, according to a statement. Proceeds will repay all term loans outstanding under an existing $1 billion five-year term loan facility.

Peloton Taps Junk-Bond Market for First Time in Refinancing Deal Peloton Interactive Inc. is tapping the junk-bond market for the first time, looking to raise about $600 million from a new offering. The fitness technology company is selling a bond maturing in just over five years, according to a statement. Proceeds will repay all term loans outstanding under an existing $1 billion five-year term loan facility.
First Time in Refinancing Deal Peloton Taps Junk-Bond Market (ORG) First Time in Refinancing Deal Peloton Interactive Inc. (ORG)
Originally published by Bloomberg Markets Read original →