Latham & Watkins LLP has advised Peloton Interactive, a leading interactive fitness provider, in connection with a new US$750 million term loan. The term loan is secured on a pari passu basis with Peloton’s existing revolving facility. The lead arrangers and joint bookrunners for the term loan were JPMorgan Chase Bank, N.A. and Goldman Sachs Lending Partners LLC.
The Latham finance team was led by partner Manu Gayatrinath, with associates Melissa Fabian, Donald Cooley, and Josh Haberl. Advice was also provided on SEC matters by partner Ellen Smiley, with associates Naseem Faqihi Alawadhi and Hanna Downing; tax matters by partner Jiyeon Lee-Lim, with associate Sam Yang; and benefits and compensation matters by partner Michelle Carpenter, with associate Samantha Voutyras.