30/7/2024, 3:59:03 pm

Is Peloton's Big Debt Refinancing 1 More Reason to Avoid the Stock?

Peloton Interactive has struggled to find a viable business model, first with exercise equipment and then with a subscription service. Despite a recent debt restructuring, the company still faces financial challenges. The refinancing has bought Peloton time, but it will now have to pay 5.5% interest on its new convertible debt, making it harder to turn a profit.