PTON May 2024 4.500 call
- Yahoo Finance Video
Peloton stock drops as it looks to sell $1 billion loan
Shares of Peloton (PTON) are sliding after the company announced it is starting the sale of a $1 billion loan offering. Catalysts Hosts Seana Smith and Madison Mills break down the home fitness company's refinancing effort as it attempts to recover from a recent sales slump. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Barrons.com
Peloton Stock Is Falling After Company Announces ‘Global Refinancing’
Peloton plans on using the proceeds from the offering of the notes and the new credit facilities to repurchase about $800 million of its convertible senior notes due 2026.
- StockStory
Why Peloton (PTON) Stock Is Trading Lower Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 12.9% in the morning session after the company announced a refinancing plan to improve its liquidity and shore up its balance sheet. Peloton intends to 1.) Offer $275.0 million of convertible senior notes due 2029 in a private offering 2.) Enter into a $1 billion five-year term loan facility 3.) Enter into a $100.0 million five-year revolving credit facility. The company intends to use the proceeds to repurchase $800m of existing de
