PTON Oct 2024 9.000 call
| Previous close | 0.2000 |
| Open | 0.2000 |
| Bid | 0.0600 |
| Ask | 0.1300 |
| Strike | 9.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.0900 - 0.2000 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.6k |
- Yahoo Finance Video
Peloton stock drops as it looks to sell $1 billion loan
Shares of Peloton (PTON) are sliding after the company announced it is starting the sale of a $1 billion loan offering. Catalysts Hosts Seana Smith and Madison Mills break down the home fitness company's refinancing effort as it attempts to recover from a recent sales slump. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Barrons.comPeloton Stock Is Falling After Company Announces ‘Global Refinancing’
Peloton plans on using the proceeds from the offering of the notes and the new credit facilities to repurchase about $800 million of its convertible senior notes due 2026.
StockStoryWhy Peloton (PTON) Stock Is Trading Lower Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 12.9% in the morning session after the company announced a refinancing plan to improve its liquidity and shore up its balance sheet. Peloton intends to 1.) Offer $275.0 million of convertible senior notes due 2029 in a private offering 2.) Enter into a $1 billion five-year term loan facility 3.) Enter into a $100.0 million five-year revolving credit facility. The company intends to use the proceeds to repurchase $800m of existing de
