Given that the business is not generating positive free cash flows unless fuboTV finds some way to convince investors that it can be profitable, it will struggle to refinance those $400 million worth of convertibles.

Source: https://seekingalpha.com/article/4575651-fubotv-advertising-shows-weakness-what-you-need-to-know?source=feed_all_articles

Most convertibles are unrated as they are private placements for qualified institutional buyers, but Calamos noted higher quality issuers as a way to reduce the rising costs of borrowings for companies themselves.

Source: https://seekingalpha.com/article/4616607-csq-strong-track-record-with-an-8-5-percent-distribution-yield?source=feed_all_articles

Thanks to our diverse investments in convertibles, preferred equity, and common stocks, we are earning over a 7% annual yield.

Source: https://seekingalpha.com/article/4600257-mindset-value-wellness-fund-q1-2023-investor-letter?source=feed_all_articles