|
|
|
|
|
10.11.26 - 22:06
|
Peloton Interactive, Inc. Announces Upsize and Pricing of Offering of $700.0 Million 8.625% Senior Secured Notes Due 2032 (Business Wire)
|
|
|
NEW YORK--(BUSINESS WIRE)--Peloton Interactive, Inc. (“Peloton”) (NASDAQ: PTON) today announced the upsize and pricing of $700.0 million aggregate principal amount of 8.625% senior secured notes due 2032 (the “notes”) in a private offering (the “offering”) (i) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) outside the United States pursuant to Regulation S under the Securities Act by means of a private offering memorandum (the “offering memorandum”). The size of the offering was increased from the previously announced $600.0 million aggregate principal amount.
The notes will be senior secured obligations of Peloton. The notes will bear interest at an annual rate of 8.625%. The sale of the notes to the initial purchasers is expected to settle on November 20, 2026, subject to customary closing conditions, and is expected to result in approximately $700.0 mil...
|
|
|
|
|
|
|
10.11.26 - 14:03
|
Bay Emerges From Stealth With $50M After Fortune 100 Companies Used Its Platform to Triple Autonomous AI Agent Use (Business Wire)
|
|
|
Founded nine months ago, Bay is already trusted by dozens of enterprises to control AI agent actions before executionTEL AVIV, Israel--(BUSINESS WIRE)--Bay, the AI security platform building the trust layer for agentic enterprises, today emerged from stealth less than a year after its founding with dozens of enterprise customers, including Micron, Peloton, ClickUp and Wix. Bay addresses a primary barrier to AI adoption by allowing autonomous agents to perform business-critical work safely while enterprises retain control and accountability at scale.
Bay has raised $50 million in total funding. The financing includes a $37 million Series A led by Battery Ventures and a previously undisclosed $13 million seed led by YL Ventures and Striker Venture Partners. Micron Ventures, M12, Microsoft's Venture Fund and Assaf Rappaport, CEO of Wiz, also participated in the Series A.
“AI is fundamentally changing how enterprises operate, and the ability to deploy autonomous agents safely will become a critical competi...
|
|
|
|
|
|
|
|
|
|
|
09.11.26 - 14:27
|
Peloton Interactive, Inc. Announces Launch of Global Refinancing (Business Wire)
|
|
|
NEW YORK--(BUSINESS WIRE)--Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced the launch of a private offering (the "offering") of $600.0 million aggregate principal amount of senior secured notes due 2032 (the "notes") and the proposed entry into a $200.0 million five-year revolving credit facility (the “new revolving facility”).
Peloton intends to use the net proceeds from the offering, together with cash on hand, to repay all term loans outstanding under its existing $1.0 billion five-year term loan facility (the “existing term loan facility”), which will be terminated in connection with such repayment, and to pay fees and expenses related thereto. The closing of the offering is not conditioned upon the entry into the new revolving facility or the repayment of the existing term loan facility. Any remaining net proceeds will be used for general corporate purposes, which may include, among other things, repurchases of Peloton's Class A common stock...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
