Previous close | 2.0800 |
Open | 2.0800 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 5.00 |
Expiry date | 2025-12-19 |
Day's range | 2.0800 - 2.0800 |
Contract range | N/A |
Volume | |
Open interest | 522 |
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Lowe’s posts better-than-expected earnings, and Zoom Video’s outlook for second-quarter adjusted profit misses analysts’ estimates.
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.
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").