PTON May 2024 3.000 call
| Previous close | 0.9400 |
| Open | 0.8300 |
| Bid | 0.8900 |
| Ask | 0.9600 |
| Strike | 3.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.8300 - 0.9000 |
| Contract range | N/A |
| Volume | |
| Open interest | 471 |
BloombergPeloton Launches $1 Billion Loan to Refinance Existing Debt
(Bloomberg) -- Peloton Interactive Inc. kicked off the sale of a new loan as it works to refinance existing debt and recover from a recent slump in sales.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksThe fitness
ReutersFitness equipment maker Peloton looks to refinance debt amid sagging demand
Convertible notes - bonds that can turn into shares at pre-agreed prices - usually pay a lower rate of interest than typical bonds and can ease the debt burden on a company. Peloton has not determined the interest it will pay on the notes, but has decided that the payments would be made semi-annually, it said. Peloton shares fell 4% after the bell.
PR NewswirePELOTON INTERACTIVE, INC. ANNOUNCES LAUNCH OF GLOBAL REFINANCING
Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced that it intends to launch a global refinancing, pursuant to which it will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private offering (the "offering") and enter into a $1.0 billion five-year term loan facility (the "new term loan facility") and a $100.0 million five-year revolving credit facility (together with the new term loan facility, the "new credit facilities").
