Peloton Interactive (NASDAQ:PTON) -1.4% premarket, has priced upsized $875M (from $600M) of convertible senior unsecured notes due February 15, 2026 in a private offering.
Initial purchasers granted an option to purchase up to an additional $125M of the notes.
Closing date is February 11.
The notes will not bear regular interest, and the principal amounts of the notes will not accrete.
Interest will be payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021.
