Two consumer tech companies refinanced their bank debt on November 10, and the price each paid says a lot about how the market sees them. Dropbox sold $1.1 billion of convertible notes at 1.25%. Peloton sold $700 million of senior secured notes at 8.625%. Both deals were upsized from the original plan. Both exist to pay off term loans. Dropbox: cheap money with an equity … [Read more...] about Dropbox (DBX) Borrows at 1.25 Percent and Peloton (PTON) Pays 8.625 Percent to Replace Their Term Loans