Peloton stock (PTON) took a tumble Monday immediately following the launch of its “global refinancing”, as it seeks to sure up its dwindling cash position. This combines the sale of $275 million in convertible senior notes, a $100 million credit facility, in addition to a new $1 billion five-year term loan.
Expand Expanding ClosePeloton stock falls after launching “global refinancing” initiative
