Peloton unveils convertible-debt refinancing, and its stock falls 3%

Peloton unveils convertible-debt refinancing, and its stock falls 3%
By: market watch Posted On: May 21, 2024 View: 15

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Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 3.3% lower in the after-hours session.

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