Super Bowl Sunday. The biggest Sunday of the entire year sports calendar where nachos, wings and copious amounts of beer are consumed from St. John’s, Nfld., to Vancouver, B.C. In 2020, an average of 9.5 million Canadians tuned in to watch the Kansas City Chiefs defeat the San Francisco 49ers in Super Bowl 54. Now football fanatics are set to watch those same Chiefs go for back-to-back titles against six-time champion Tom Brady and the Buccaneers.
New capabilities made possible by advances in technology are driving organizations in every function, industry and region of the world to take a serious look at their business and to understand the implications these profound changes will have on their organization.
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Peloton Interactive, Inc. Announces Proposed Private Offering of $600.0 Million of Convertible Senior Notes Due 2026
Peloton Interactive, Inc. (“Peloton”) (Nasdaq: PTON) today announced its intention to offer, subject to market conditions and other factors, $600.0 million aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a private offering (the “offering”) 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”). Peloton also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $90.0 million aggregate principal amount of the notes.