secwatch.observer — SEC 8-K summary
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Issuer:     PELOTON INTERACTIVE, INC. (PTON)
CIK:        0001639825
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001639825-22-000079
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peloton enters $750M term loan, $500M revolver credit facility
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- $750M term loan due May 2027; $500M revolver ($35M due 2024, $465M due 2026).
- Interest: ABR+5.50% or SOFR+6.50%; margin up 0.50% if no public rating by Nov 2022.
- Obligations secured by substantially all assets; subsidiary guarantees may be required.
- Covenants include min liquidity $250M, min revenue $3B, replaced by debt/EBITDA ratio upon EBITDA threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000079/0001639825-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000079/pton-20220525.htm
  HTML page:      https://secwatch.observer/filing/0001639825-22-000079

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