Peloton shares are trading lower after the company announced it will offer $275 million aggregate principal amount of convertible senior notes in a private offering.
Portfolio Pulse from Benzinga Newsdesk
Peloton shares are trading lower after the company announced it will offer $275 million aggregate principal amount of convertible senior notes in a private offering.
May 20, 2024 | 8:09 pm
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Peloton shares are trading lower following the announcement of a $275 million convertible senior notes offering. This move may indicate the company's need for additional capital, which could be seen as a negative signal by investors.
The issuance of convertible senior notes often signals a company's need for capital, which can be perceived negatively by investors. This has led to a decline in Peloton's share price.
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