Peloton Interactive Stock Tumbles As Company Takes Steps to Rework Debt
PTONPeloton(PTON) investopedia.com·2024-05-22 03:45

Key Takeaways Peloton Interactive announced what it called a "global refinancing" plan to deal with its debt. The provider of exercise equipment and workout services will sell 275millioninnotes,andenterintoa275 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 ...