Reported Earlier, Peloton Interactive Prices $300M Offering Of 5.50% Convertible Senior Notes Due 2029, Upsizing From Initial $275M
Reported Earlier, Peloton Interactive Prices $300M Offering Of 5.50% Convertible Senior Notes Due 2029, Upsizing From Initial $275M
Peloton intends to use the net proceeds of the offering of the notes and the new credit facilities, together with cash on hand, to repurchase approximately $800.0 million of its 0.00% convertible senior notes due 2026 (the "Existing Notes"), to refinance its existing term loan and revolving credit facilities and to pay fees and expenses related thereto. The closing of the offering, the entry into the new credit facilities and the repurchase of the Existing Notes are not cross-conditioned upon each other, except the entry into the new credit facilities is conditioned upon the repurchase of at least $800.0 million aggregate principal amount of the Existing Notes.
Peloton打算使用发行票据和新信贷额度的净收益以及手头现金，回购其2026年到期的0.00％可转换优先票据（“现有票据”）中的约8亿美元，为其现有的定期贷款和循环信贷额度进行再融资，并支付与之相关的费用和开支。发行的结束、新信贷额度的进入和现有票据的回购并不相互交叉，唯一的不同是新信贷额度的加入以回购现有票据本金总额至少8亿美元的为条件。
译文内容由第三方软件翻译。