Peloton Prices And Allocates New $1 Billion Five-Year Term Loan Facility And $100 Million Five-Year Revolving Credit Facility
Portfolio Pulse from Benzinga Newsdesk
Peloton has priced and allocated a new $1 billion five-year term loan facility and a $100 million five-year revolving credit facility.
May 24, 2024 | 8:25 pm
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Peloton has secured a $1 billion five-year term loan and a $100 million five-year revolving credit facility, which could provide the company with the necessary liquidity to support its operations and growth plans.
The new credit facilities will provide Peloton with significant liquidity, which can be used to support its operations and growth initiatives. This financial move is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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