Peloton Interactive Upsizes Notes Offering to $700 Million

05:56 PM EST, 11/10/2026 (MT Newswires) -- Peloton Interactive (PTON) said Tuesday it priced a $700 million private offering of 8.625% senior secured notes due 2032, up from the previously announced $600 million. The sale is expected to settle Nov. 20 and is part of a broader refinancing that includes a proposed $200 million revolving credit facility, the company said. Peloton plans to use the proceeds, together with cash on hand, to repay loans under its existing $1 billion term loan facility and pay related costs, the company said. Any remaining proceeds may be used for general corporate purposes.