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 ...

We also talk about big oil and chat with Tom Chivers, author of "Everything Is Predictable: How Bayesian Statistics Explain Our World."In this podcast, we break down Peloton's CEO shift and big oil's big profits.And Tom Chivers, author of Everything Is Predictable, explains how the Bayesian theorem underlies much of modern life and investing.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in s ...

Private equity firms have reportedly been considering a buyout of Peloton.At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday (May 7), citing unnamed sources.A deal may not be made, and Peloton may remain a public company, according to the report.When asked by CNBC about these reports, a Peloton spokesperson said, “We do not comment on speculation or rumors,” per the r ...

Peloton Interactive Inc (NASDAQ:PTON) stock is soaring today, after reports that private equity firms are circling the company for a potential buyout. At last check, PTON was up 16.5% at $4.13.Options traders are swarming Peloton stock in response. So far, 96,000 calls and 65,000 puts have been exchanged, which is already five times the overall average daily options volume. The weekly 5/10 3.50-strike put is most popular, where new positions are being bought to open. Today's pop has the stock further remove ...

Rumors are swirling of a possible takeover of the connected fitness company.Shares of Peloton Interactive (PTON 16.20%) were soaring today after CNBC reported that private equity firms were considering making a buyout offer for the connected fitness company.As of 12:48 p.m. ET, the stock was up 12.6%. Is Peloton about to get a reprieve?It's no secret that Peloton's wheels have been spinning backward ever since the pandemic lockdowns eased. The company just issued another round of layoffs and ushered out CEO ...

Key TakeawaysShares in fitness company Peloton jumped after CNBC reported private equity firms were exploring a buyout.Peloton announced last week that CEO Barry McCarthy would be leaving the firm as it planned to cut 15% of its staff.The company is looking to cut operating expenses by up to $200 million as it has failed to turn a profit since 2020. Shares in Peloton (PTON) kicked into a high gear Tuesday after news reports that a number of private equity firms may be considering a buyout. At least one firm ...