Page 9 - Peloton Interactive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Peloton Interactive Inc. kicked off the sale of a new loan as it works to refinance existing debt and recover from a recent slump in sales.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksThe fitness

(Reuters) -Peloton Interactive said on Monday it was looking to refinance its debt, as the fitness equipment maker seeks to regain its footing amid falling sales due to uncertain demand. The company said it will sell $275 million of convertible senior ...

The beaten-down exercise company is back in the spotlight.

Peloton's share price closed Thursday at $3.89, down 4.42%. Its market cap is $1.44 billion (it was $49.3 billion in January 2021).

More cost cuts are on the way for Peloton Interactive as sales continue to slump.