PTON Jun 2024 9.000 put
- Barrons.com
These Stocks Are Moving the Most Today: Palo Alto Networks, Lowe’s, XPeng, Zoom Video, Keysight, Nvidia, Peloton, and More
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.
- Bloomberg
Peloton Launches $1 Billion Loan to Refinance Existing Debt
(Bloomberg) -- Peloton Interactive Inc. kicked off the sale of a new loan as it works to refinance existing debt and recover from a recent slump in sales.Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksASML and TSMC Can Disable Chip Machines If China Invades TaiwanThe fitness
- 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.
