NEW YORK, May 21, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced the pricing of $300.0 million aggregate principal amount of Convertible Senior Notes due 2029 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"), an upsize from the previously announced offering size of $275.0 million. Peloton also ...

Shares of the connected fitness operator fell on a new debt offering.Shares of Peloton Interactive (PTON -16.37%) were taking a dive today after the high-end maker of exercise bikes announced a global refinancing that could include borrowing at an interest rate above 11%.As a result, the stock finished the day down 16.4%. Peloton needs helpJust a few weeks ago, Peloton reported another disappointing earnings report, complete with a decline in revenue and another wide loss. On Monday after hours, the company ...

Key TakeawaysPeloton Interactive announced what it called a "global refinancing" plan to deal with its debt.The provider of exercise equipment and workout services will sell $275 million in notes, and enter into a $1 billion loan facility and $100 million revolving credit facility.Peloton said the money would be used to pay off and refinance current debt, and cover fees.Shares of the company were down more than 15% Tuesday afternoon. Peloton Interactive (PTON) shares plunged Tuesday after the struggling fit ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Peloton Interactive plans to launch a global refinancing.The connected fitness company will offer $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility, Peloton said in a Monday (May 20) press release.“Peloton intends to use the net proceeds of the notes and the credit facilities, together with cash on hand, to repurchase approximately $800 million of i ...

Peloton shares plunged on Monday after the connected fitness company said it's launching a "global refinancing," as it looks to stave off a cash crunch amid falling sales. The company is offering $275 million in convertible senior notes due 2029 in a private offering and plans to enter into a $1 billion five-year term loan and $100 million revolving credit facility. Peloton plans to use the proceeds to buy back about $800 million of its 0% convertible senior notes, which are currently due in 2026, and refin ...

NEW YORK, May 20, 2024 /PRNewswire/ -- 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, th ...

The beaten-down exercise company is back in the spotlight.We're still in the middle of earnings season. While that usually means that management teams give minor updates about financial performance, there are still some market-shaking news stories that some businesses provide shareholders. Peloton Interactive (PTON 0.77%) was one of these headline-grabbing companies.The troubled fitness hardware and software provider is making big moves. Its shares are up 20% in just the past week. Maybe there is some momen ...

Key PointsPeloton stock is now 97% below its all-time high, and private equity is interested in realizing some value.Despite underperforming, a simple two-step process could unlock JPMorgan's price targets.Knowing how much Peloton is worth, shareholders should accept no offer below $7 plus a premium.5 stocks we like better than Peloton InteractiveCould the rumors be true? Private equity firms are circling fitness company Peloton Interactive Inc. NASDAQ: PTON for a potential buyout. The company has seen 13 c ...

Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow also announced that its CEO and founder Bruce Smith will step back from day-to-day operations and hand the reins over to President and Chief Financial Officer John Stellato. Smith will take over as the chair of Hydrow's board. The company, mos ...