Pathlight Capital Provides $355 Million Facility to iFIT Health & Fitness


BOSTON, April 14, 2022 /PRNewswire/ — Pathlight Capital LP (“Pathlight”) announced it is serving as the Administrative Agent on the recently funded $355,000,000 Senior Secured Credit Facility for iFIT Wellbeing & Conditioning Inc. (“iFIT” or the “Company”), a global chief in linked health and fitness and interactive content with its in depth portfolio of iFIT® and Sweat® streaming platforms, and its highly modern machines brands NordicTrack® and Proform®.

Proceeds from the facility will be made use of to invest in focused expansion initiatives, performance measures to increase profitable progress, as nicely as elevate the iFIT member encounter by continuing to innovate across interactive program, material, and hardware.

“We are grateful to the workforce at Pathlight for supporting us as we enter our upcoming chapter of expansion at iFIT.  As conditioning routines normalize coming out of the pandemic, we attempt to deliver the most outsized health working experience irrespective of where by our member desires to training. The assist from Pathlight will make it possible for us to keep on our leadership posture in delivering the most progressive components and immersive expertise,” said Steve Barr and Mark Watterson, iFIT co-Presidents.

Mark Twomey, Husband or wife of Pathlight Capital commented, “Pathlight was happy to companion with L Catterton and the administration team in offering liquidity to support the innovation iFIT delivers to the well being and health market place.  The information and interactive character of their diverse products choices continues to revolutionize the in-property exercise practical experience.  We are pleased to be a portion of this capital increase and look ahead to the ongoing growth of the business enterprise.”

About Pathlight Capital
Pathlight Capital is a private credit financial commitment manager devoted to assembly the desires of companies that run throughout a wide array of industries by providing asset-centered financial loans secured on a initially or second lien basis versus tangible and intangible assets. Pathlight aims to deliver innovative funding answers to let administration groups to obtain incremental liquidity for the needs of funding performing funds, financial debt refinancings, progress, acquisitions, dividends and turnaround strategies. For additional information, remember to stop by www.pathlightcapital.com.

About iFIT Overall health & Health and fitness Inc.
iFIT® is a global fitness and nicely-remaining membership know-how enterprise that offers unmatched exercise ordeals and answers to its developing community of around 7.3 million customers in in excess of 120 international locations. iFIT’s sector-foremost makes – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are driven by the iFIT built-in overall health and health platform, which seamlessly connects the firm’s proprietary software package, experiential written content and interactive hardware. Based in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the business presents immersive, adaptive, individualized work out activities for each individual fitness amount and fascination. iFIT delivers these patented interactive experiences by an intensive presenting of dwell and on-need content across the industry’s broadest variety of connected physical fitness modalities. iFIT is a pioneer and leader in the overall health and health and fitness market with more than 400 issued and pending patents.

iFIT Health & Fitness Inc.

Cision View initial material to down load multimedia:https://www.prnewswire.com/information-releases/pathlight-money-presents-355-million-facility-to-ifit-wellbeing–conditioning-301525429.html

Resource Pathlight Funds



Supply backlink