Peloton Interactive, Inc
|Deal Type||Equity Capital Markets|
Convertible Senior Notes
|Client & Transactional Partners||Peloton Interactive, Inc.||Our Role||Co-Manager|
On February 8th, 2021, Peloton Interactive, Inc. ("Peloton" or the "Company") priced $1 billion convertible senior notes due 2026. KeyBanc Capital Markets ("KBCM") served as Co-Manager on the transaction. The proceeds will be used to pay the cost of the capped call transactions and for general corporate purposes, which may include working capital, capital expenditures, including for the construction or expansion of facilities, and investments in and acquisitions of other companies, products or technologies that Peloton may identify in the future.
Peloton is the leading interactive fitness platform in the world with a loyal community of more than 4.4 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. An innovator at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a first-of-its-kind subscription platform that seamlessly combines the best equipment, proprietary networked software, and world-class streaming digital fitness and wellness content, creating a product that its Members love.