Peloton Stock Plunges On Global Refinancing Initiative: The Details …

Peloton Interactive Inc (NASDAQ:PTON) shares are trading lower in Monday’s after-hours session after the company global refinancing, including a private notes offering. What …

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Why Peloton Stock Tumbled Today - The Motley Fool

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May 21, 2024 · Shares of Peloton Interactive (PTON-3.73%) were taking a dive today after the high-end maker of exercise bikes announced a global refinancing that could include borrowing …

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Peloton Unveils Convertible-debt Refinancing, And Its Stock Falls 3%

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May 21, 2024 · Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company's stock 3.3% lower in the after-hours session.

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Peloton Stock Plunges On Global Refinancing Initiative: The Details

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May 20, 2024 · Peloton said it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company said it will grant the initial …

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Fitness Equipment Maker Peloton Looks To Refinance Debt Amid …

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May 20, 2024 · Proceeds would be used to repurchase about $800 million of convertible senior notes due 2026 and to refinance its existing term loan, the company said. Peloton shares fell …

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Peloton Announces “Global Refinancing” To Access Nearly $1.4 …

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May 21, 2024 · Peloton is launching a “global refinancing” initiative aimed at restructuring its financial obligations (i.e. refinancing its current debts). This will consist of a sale of convertible …

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PELOTON INTERACTIVE, INC. ANNOUNCES LAUNCH OF GLOBAL …

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May 20, 2024 · 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 …

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Peloton Announces Successful Completion Of $1.35 Billion Holistic ...

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May 30, 2024 · Summary of Transactions . The Company syndicated and closed a new $1 billion five-year term loan facility with a broad investor base (the "new TLB facility"); The Company …

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Peloton Announces Successful Completion Of $1.35 Billion Holistic ...

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May 30, 2024 · Refinancing Reduces Debt and Extends Maturities to Support Peloton's Future Growth. NEW YORK, May 30, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") …

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FAQs about Peloton Stock Plunges On Global Refinancing Initiative: The Details … Coupon?

Why did Peloton Interactive stock fall on a new debt offering?

Shares of the connected fitness operator fell on a new debt offering. Shares of Peloton Interactive ( PTON 4.89%) were taking a dive today after the high-end maker of exercise bikes announced a global refinancing that could include borrowing at an interest rate above 11%. As a result, the stock finished the day down 16.4%. ...

What if peloton refinanced?

Before the refinancing, Peloton would have needed to pay around $800 million toward its debt by November 2025. If it managed to pay that, about another $200 million still would have been due around three months later. The term loan would have been due in May 2027. ...

Does Peloton Interactive have a refinancing program?

Peloton Interactive, Inc. (Peloton) (NASDAQ: PTON) successfully completed a holistic refinancing that reduced overall debt, extended debt maturities, and achieved more flexible loan terms. ...

What happened to peloton shares after the bell?

After the bell, Peloton shares were down 11.9%. The company plans to use the net proceeds from the sale of the notes and the new credit facilities to repurchase approximately $800 million of its convertible senior notes due 2026 and to refinance its existing term loan. ...

Could peloton go bankrupt if it hadn't refinanced its debt?

Peloton was staring down hundreds of millions in loan payments by November 2025 that could’ve pushed the company into bankruptcy if it hadn’t refinanced. Now that the connected fitness company has refinanced its debt, it has the breathing room to turn around its business and boost support among lenders and investors. ...

Why did Peloton Interactive sell $275 million of convertible notes?

Peloton Interactive announced on Monday that it will sell $275 million of convertible notes due 2029 to refinance its debt. The fitness equipment maker has experienced 13 consecutive quarters of losses and is looking to return to growth. Shares of Peloton were down 11.9% after the bell. ...