Peloton stock drops 3% after launching $1B loan to refinance …

May 20, 2024 · Peloton Interactive (NASDAQ:PTON) announced its plans to refinance its existing debt by offering $275 million in convertible senior notes that are due in 2029. Peloton stock …

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Peloton Stock Drops 3% After Launching $1B Loan To Refinance …

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May 20, 2024 · Peloton Interactive (NASDAQ:PTON) announced its plans to refinance its existing debt by offering $275 million in convertible senior notes that are due in 2029. Peloton stock …

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

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May 21, 2024 · The first people to buy the convertible debt will have a 13-day option to purchase up to an additional $41.3 million in the notes, the company said. Peloton intends to use net …

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Peloton Stock Plunges On Global Refinancing Initiative: The Details

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May 20, 2024 · Peloton will use the net proceeds of the offering and the new credit facilities to repurchase approximately $800 million worth of its 0.00% convertible senior notes due 2026.

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

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May 21, 2024 · Morningstar brands and products Company Portfolio

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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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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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PTON Stock Price Quote - Morningstar

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Oct 9, 2024 · See the latest Peloton Interactive Inc stock price (PTON:XWBO), ... Peloton unveils convertible-debt refinancing, and its stock falls 3% ... Peloton Interactive Inc operates an …

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

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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 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's Stock Soars 14% On Report Private-equity Firms Are ...

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May 7, 2024 · Peloton has$1.69 billion in outstanding debt, divided between a term loan and $1.0 billion worth of convertible bonds that are due to mature in 2026, according to FactSet data.

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FAQs about Peloton stock drops 3% after launching $1B loan to refinance … Coupon?

Will Peloton Interactive refinance its debt in 2029?

Peloton Interactive (NASDAQ:PTON) announced its plans to refinance its existing debt by offering $275 million in convertible senior notes that are due in 2029. Peloton stock dropped 3.6% on the news in afterhours trading Monday. The fitness company also revealed it would enter into a $1 billion term loan facility with a five-year maturity. ...

Is ailing peloton a 'global refinancing'?

Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 8% lower in the after-hours session. Peloton called it “a global refinancing,” saying it will offer $275 million worth of convertible senior notes due in 2029 in a private offering. ...

What will peloton do with a $800 million convertible note?

Peloton intends to use net proceeds of the offering, the new credit facilities and cash on hand to buy back about $800 million of convertible senior notes due in 2026, refinance its existing term loan and revolving credit facilities, and to pay related fees and expenses. ...

Did peloton refinance its debt?

The company managed to refinance its debts, including extending that convertible note out to 2029. However, there was a material cost associated with the company's debt restructuring. Peloton did something very important, but it will still make the company's quest for sustainable profits even harder. ...

Will Peloton Interactive issue convertible bonds in a debt swap?

Peloton Interactive Inc. announced late Monday that it will issue $275 million worth of convertible senior notes due in 2029 as part of a debt swap, resulting in the issuance of convertible bonds. Peloton called it ‘a global refinancing,’ sending the fitness company’s stock 3.3% lower in the after-hours session. ...

How did peloton deal with a debt cliff in 2026?

Peloton had a debt cliff approaching in 2026 when a convertible note was set to come due. The company managed to refinance its debts, including extending that convertible note out to 2029. However, there was a material cost associated with the company's debt restructuring. ...