David Azarkh~~Hui Lin~~Lia Toback~~Jessica Ryan~~Sally Jo~~Christopher Brown~~Janhvi Barthwal~~Alexandra Cullen~~Jonathan Cantor~~Edward Grais~~Michael Isby~~Manideepa (Deepa) Sarkar~~Ryan Stalnaker~~Kate Mirino~~Ziang Zhou~~J. Struhs
January 24, 2026
Simpson Thacher Represents Peloton in its Debt Refinancing

1 min
AI-made summary
- Simpson Thacher represented Peloton Interactive, Inc
- in a $1.35 billion debt refinancing
- The transaction involved a $350 million offering of 5.5% senior convertible notes due 2029, a new $1 billion term loan facility, and a $100 million revolving credit facility
- Proceeds were used to repurchase approximately $800 million of Peloton’s 0.00% convertible senior notes due 2026, refinance existing credit facilities, and cover related fees and expenses.
Simpson Thacher recently represented Peloton Interactive, Inc. (“Peloton”) in connection with a $1.35 billion debt refinancing. The refinancing included an offering of $350 million aggregate principal amount of 5.5% senior convertible notes due 2029 pursuant to Rule 144A (the “Notes”), the establishment of a new $1 billion term loan facility (the “Term Loan”) and a $100 million revolving credit facility (together with the Term Loan, the “New Credit Facilities”).~~The net proceeds from the issuance of the Notes, along with the proceeds from the New Credit Facilities and cash on hand, were used to repurchase approximately $800 million of Peloton’s 0.00% convertible senior notes due 2026, to refinance existing term loan and revolving credit facilities and to pay fees and expenses related thereto.~~Peloton is a leading global fitness company with a highly engaged community of over 6.5 million Members across the United States, United Kingdom, Canada, Germany and Australia.~~The Simpson Thacher team included Dave Azarkh, Hui Lin, Lia Toback, Jessica Ryan and Sally Jo (Capital Markets); Christopher Brown, Mark Haddox, Janhvi Barthwal and Alexandra Cullen (Credit); Jonathan Cantor and Edward Grais (Tax); Michael Isby and Deepa Sarkar (Environmental); Ryan Stalnaker (Regulatory); Kate Mirino and Ziang Zhou (IP); and Pasco Struhs (ECEB).
Article Author
David Azarkh~~Hui Lin~~Lia Toback~~Jessica Ryan~~Sally Jo~~Christopher Brown~~Janhvi Barthwal~~Alexandra Cullen~~Jonathan Cantor~~Edward Grais~~Michael Isby~~Manideepa (Deepa) Sarkar~~Ryan Stalnaker~~Kate Mirino~~Ziang Zhou~~J. Struhs
The Sponsor
