Form 8-K PELOTON INTERACTIVE, For: May 21

Go back to Form 8-K PELOTON INTERACTIVE, For: May 21

BMO Capital Reiterates Market Perform Rating on Peloton Interactive (PTON)

May 28, 2024 5:39 AM EDT

BMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $6.50 price target on Peloton Interactive (NASDAQ: PTON).

The analyst comments "PTON sits at a pivotal moment; finally low enough to warrant material upside but, we believe, that requires a strategy shift. Absent... More

Peloton (PTON) Prices $300M Convertible Notes Offering

May 24, 2024 4:25 PM EDT

As part of its previously announced global refinancing, on May 21, 2024, Peloton (NASDAQ: PTON) priced its private offering of $300.0 million aggregate principal amount of 5.50% Convertible Senior Notes due 2029 (the Notes). Pursuant to the purchase agreement between the Company and J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC (the Initial Purchasers), the Company also granted the Initial Purchasers a 13-day option to purchase up to an additional $50.0 million aggregate principal amount of the Notes, which option was exercised in full on May 22, 2024. The Notes were sold only to persons reasonably believed to be qualified institutional... More