PTON - What's Going On With Peloton Stock Today? | Benzinga
Peloton Interactive Inc (NASDAQ:PTON) shares are tumbling Tuesday after the company announced a global refinancing initiative.
What To Know: Late Monday, Peloton said it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company noted that it will grant the initial purchasers a 13-day option to purchase up to an additional $41.3 million aggregate principal amount of the notes.
Peloton also plans to enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility.
Peloton will ...