What's Going On With Peloton Stock Today?
What's Going On With Peloton Stock Today?
Peloton Interactive Inc (NASDAQ:PTON) shares are tumbling Tuesday after the company announced a global refinancing initiative.
佩洛頓互動公司（納斯達克股票代碼：PTON）週二股價暴跌，此前該公司宣佈了一項全球再融資計劃。
What To Know: Late Monday, Peloton said it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company noted that it will grant the initial purchasers a 13-day option to purchase up to an additional $41.3 million aggregate principal amount of the notes.
須知：週一晚些時候，Peloton表示打算向機構投資者私募發行價值2.75億美元的2029年到期的可轉換優先票據。該公司指出，它將授予初始購買者13天的期權，允許他們額外購買總額不超過4,130萬美元的票據。
Peloton also plans to enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility.
Peloton還計劃簽訂10億美元的五年期定期貸款額度和1億美元的五年期循環信貸額度。
Peloton will use the net proceeds of the offering and the new credit facilities to repurchase approximately $800 million worth of its 0.00% convertible senior notes due 2026. The company said it will also use proceeds to refinance its existing term loan and revolving credit facilities and pay any related fees and expenses.
Peloton將使用本次發行的淨收益和新的信貸額度來回購其2026年到期的0.00％可轉換優先票據中價值約8億美元。該公司表示，還將使用所得款項爲其現有的定期貸款和循環信貸額度進行再融資，並支付任何相關費用和開支。
The refinancing comes after Peloton introduced a comprehensive restructuring effort in early May that included a global headcount reduction of approximately 15%, a continued reduction of the company's retail showroom footprint and a reimagination of its go-to-market approach.
此次再融資是在Peloton於5月初推出全面重組計劃之後進行的，其中包括在全球裁員約15％，繼續減少公司的零售陳列室佔地面積以及重新構想其進入市場的方法。
The company said at the time that it expected the plan to reduce annual run-rate expenses by more than $200 million by the end of its 2025 fiscal year. As of May 2, Peloton had $794.5 million in unrestricted cash and cash equivalents.
該公司當時表示，預計該計劃將在2025財年末之前將每年的運行費率支出減少2億美元以上。截至5月2日，Peloton擁有7.945億美元的非限制性現金和現金等價物。
Following the refinancing announcement, Baird analyst Jonathan Komp maintained Peloton with a Neutral rating and raised the price target from $3.50 to $4.
再融資宣佈後，貝爾德分析師喬納森·康普維持佩洛頓的中性評級，並將目標股價從3.50美元上調至4美元。
PTON Price Action: Peloton shares were down 14.4% at $3.34 at the time of writing Tuesday, according to Benzinga Pro.
PTON價格走勢：根據Benzinga Pro的數據，在週二撰寫本文時，佩洛頓股價下跌14.4％，至3.34美元。
Photo: courtesy of Peloton.
照片：由 Peloton 提供。
譯文內容由第三人軟體翻譯。