All right, Peloton chairs are plunging here this morning looking at losses of just about 15% the move lower coming after the company saying that is starting the sale of a billion dollar loan offering the company refinancing debt as it attempts to recover from a recent slump in sales.Now, this has been an ongoing story here with Peloton just in terms of the depressed sales levels that they have seen at their company doing everything they can to turn around the business.
So we will have more information tomorrow at 1 p.m. We're going to get a call from JP Morgan that's going to have more information about this.
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