PTON Jul 2024 4.000 call
| Previous Close | 0.5800 |
| Open | 0.5500 |
| Bid | 0.4800 |
| Ask | 0.5100 |
| Strike | 4.00 |
| Expire Date | 2024-07-19 |
| Day's Range | 0.4800 - 0.5700 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 18.46k |
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").
- Yahoo Finance Video
Peloton's debt is a major concern. How are they managing it?
Peloton Interactive (PTON) has reportedly hired JPMorgan to help it raise $850 million in a new loan sale to settle its debts. The fitness equipment brand was once considered to be a "pandemic darling" when consumers were stuck at home at the beginning of the COVID-19 pandemic in 2020. BMO Capital Markets Managing Director and Senior Analyst Simeon Siegel comments on Peloton's ability to manage its current debt and where it should focus its attention to retain consistent consumers. "Some of these companies take a breath and they say, 'okay, we need to restructure,' but in the same sentence they say 'but we're still going to grow,'" Siegel tells Catalysts. "That's dangerous and it rarely works. There's a time when companies are supposed to grow, and there's a time when they're supposed to focus on value and improving their brand and restructuring. I think Peloton is very much in that latter phase, and that's not a problem given where the stock is today. I think you could make that conversation, that argument, but they need to want to do it." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
BloombergPeloton Taps JPMorgan for $850 Million Loan Sale to Tackle Debt
(Bloomberg) -- Peloton Interactive Inc. has hired JPMorgan Chase & Co. to raise around $850 million through a new loan sale that will refinance existing debt, according to people with knowledge of the matter.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapHow One
