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Peloton Stock Plunges On Global Refinancing Initiative: The Details

Peloton Interactive Inc (NASDAQ:PTON) shares are trading lower in Monday’s after-hours session after the company global refinancing, including a private notes offering. What Happened: After the market close on Monday, Peloton said it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company said it will grant the initial purchasers of the notes a 13-day option to purchase up to an additional $41.3 million aggregate principal amount of the notes. Peloton also plans to enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit ...