Business & Finance
Peloton Taps Junk-Bond Market for First Time in Refinancing Deal
Key Points
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.