Peloton Interactive To Offer $275M Of Convertible Senior Notes Due 2029 In Private Offering
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive announced a private offering of $275 million in convertible senior notes due 2029. This move aims to raise capital for general corporate purposes and potential strategic initiatives.
May 20, 2024 | 8:07 pm
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Peloton Interactive is issuing $275 million in convertible senior notes due 2029. This will provide the company with additional capital for general corporate purposes and potential strategic initiatives.
The issuance of convertible senior notes will provide Peloton with significant capital, which can be used for various strategic initiatives. This is likely to be viewed positively by investors as it strengthens the company's financial position.
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