Financial

Peloton shares drop as company announces $275m debt offering and refinancing plans

By 2024-05-22T13:39:00

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Shares of Peloton Interactive, Inc. tumbled by 16.3 percent following the announcement of the company’s plans for a comprehensive global refinancing effort. The fitness giant revealed it would issue $275.0 million in convertible senior notes due in 2029 as part of a private offering. Additionally, Peloton plans to secure a ...

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