August 14, 2022
BOSTON, April 14, 2022 /PRNewswire/ — Pathlight Capital LP (“Pathlight”) launched it’s serving because the Administrative

BOSTON, April 14, 2022 /PRNewswire/ — Pathlight Capital LP (“Pathlight”) launched it’s serving because the Administrative Agent on the not too long ago funded $355,000,000 Senior Secured Credit score historical past Facility for iFIT Wellbeing & Well being and health Inc. (“iFIT” or the “Group”), a worldwide chief in related conditioning and interactive content material with its in depth portfolio of iFIT® and Sweat® streaming platforms, and its massively floor breaking machines model names NordicTrack® and Proform®.

Proceeds from the power shall be utilized to spend money on concentrated progress initiatives, effectiveness measures to drastically improve worthwhile progress, as properly as elevate the iFIT member experience by persevering with to innovate all through interactive pc software program, content material materials, and elements.

“We’re grateful to the group at Pathlight for supporting us as we enter our upcoming chapter of growth at iFIT.  As conditioning routines normalize popping out of the pandemic, we try to provide essentially the most outsized bodily health experience regardless of the place by our member needs to train session. The help from Pathlight will enable for us to hold on our management place in offering essentially the most spectacular elements and immersive information,” talked about Steve Barr and Mark Watterson, iFIT co-Presidents.

Mark Twomey, Accomplice of Pathlight Money commented, “Pathlight was proud to husband or spouse with L Catterton and the administration group in giving liquidity to assist the innovation iFIT supplies to the well being and health and bodily health sector.  The content material materials and interactive nature of their assorted answer choices continues to revolutionize the in-home exercise expertise.  We’re happy to be a element of this money increase and seem ahead to the continued progress of the group.”

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About Pathlight Capital
Pathlight Money is a non-public credit score rating funding choice supervisor dedicated to assembly the calls for of firms that function throughout a large assortment of industries by giving asset-based principally loans secured on a to start out with or subsequent lien basis from tangible and intangible belongings. Pathlight goals to supply revolutionary funding strategies to make it potential for administration teams to entry incremental liquidity for the wants of funding working funds, bank card debt refinancings, progress, acquisitions, dividends and turnaround approaches. For way more information, you need to take a look at www.pathlightcapital.com.

About iFIT Wellness & Well being Inc.
iFIT® is a worldwide well being and health and nicely-staying subscription engineering firm that gives unmatched well being encounters and options to its escalating local people of in extra of seven.3 million members in round 120 nations world wide. iFIT’s sector-top producers – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT built-in wellness and well being system, which seamlessly connects the corporate’s proprietary software program package deal, experiential content material materials and interactive {hardware}. Dependent in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the enterprise provides immersive, adaptive, personalised train experiences for each conditioning quantity and curiosity. iFIT delivers these patented interactive experiences because of an in depth offering of keep and on-desire content material throughout the trade’s broadest number of related well being and health modalities. iFIT is a pioneer and chief within the well being and health and health sector with further than 400 issued and pending patents.

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iFIT Health & Fitness Inc.

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