A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned.
A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions.
Last week, Peloton announced a broad restructuring plan that's expected to reduce its annual run-rate expenses by more than $200 million by the end of fiscal 2025.
Last week, Peloton announced CEO Barry McCarthy would be stepping down as it issued a disastrous earnings report that missed Wall Street's expectations.
One source close to the company said Peloton isn't expected to have any issues refinancing its debt.
Persons:
Barry McCarthy, Goldman Sachs
Organizations:
Interactive, CNBC, JPMorgan
Locations:
New York