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PTON Jun 2024 12.000 call
- Barrons.com
These Stocks Are Moving the Most Today: Palo Alto Networks, Zoom Video, Keysight, Nvidia, Peloton, Lowe’s, and More
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, and Zoom Video’s outlook for second-quarter adjusted earnings misses analysts’ estimates. Lowe’s is scheduled to report first-quarter earnings Tuesday.
- Reuters
Fitness 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 Newswire
PELOTON 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").
