Peloton Interactive Closes $1.0 Billion of 0% Convertible Senior Notes

2/11/21

Peloton Interactive, Inc. (Nasdaq: PTON) today announced that it has closed its offering of 0% convertible senior notes due 2026 for gross proceeds of $1.0 billion, including the full exercise of the $125.0 million option to purchase additional notes granted by Peloton to the initial purchasers. The notes were only sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.

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