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PTON May 2024 5.000 put
| Previous close | 1.1300 |
| Open | 1.1700 |
| Bid | 1.0600 |
| Ask | 1.1200 |
| Strike | 5.00 |
| Expiry date | 2024-05-24 |
| Day's range | 1.0700 - 1.1700 |
| Contract range | N/A |
| Volume | |
| Open interest | 239 |
ReutersFitness equipment maker Peloton looks to refinance debt amid sagging demand
Convertible notes - bonds that can turn into shares at pre-agreed prices - usually pay a lower rate of interest than typical bonds and can ease the debt burden on a company. Peloton has not determined the interest it will pay on the notes, but has decided that the payments would be made semi-annually, it said. Peloton shares fell 4% after the bell.
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").
- Investing.com
Peloton stock drops 3% after launching $1B loan to refinance existing debt
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.
