Proceeds from the facility will be used to spend in concentrated expansion initiatives, effectiveness measures to improve lucrative development, as nicely as elevate the iFIT member working experience by continuing to innovate throughout interactive computer software, content, and components.
“We are grateful to the group at Pathlight for supporting us as we enter our up coming chapter of growth at iFIT. As exercise routines normalize coming out of the pandemic, we try to provide the most outsized fitness working experience no matter of in which our member wishes to training. The assistance from Pathlight will enable us to continue our management place in delivering the most revolutionary components and immersive encounter,” stated Steve Barr and Mark Watterson, iFIT co-Presidents.
Mark Twomey, Husband or wife of Pathlight Funds commented, “Pathlight was happy to spouse with L Catterton and the administration team in delivering liquidity to support the innovation iFIT provides to the health and fitness and physical fitness market place. The written content and interactive character of their assorted item offerings carries on to revolutionize the in-house exercise expertise. We are delighted to be a portion of this cash increase and seem forward to the ongoing progress of the business enterprise.”
About Pathlight Capital
Pathlight Funds is a personal credit rating financial investment manager dedicated to assembly the desires of firms that operate throughout a broad vary of industries by offering asset-dependent loans secured on a first or second lien foundation against tangible and intangible property. Pathlight aims to provide innovative financing solutions to make it possible for administration teams to accessibility incremental liquidity for the needs of funding performing funds, financial debt refinancings, development, acquisitions, dividends and turnaround approaches. For far more data, please check out www.pathlightcapital.com.
About iFIT Health & Fitness Inc.
iFIT® is a world exercise and very well-staying membership technology firm that presents unmatched conditioning ordeals and answers to its growing neighborhood of around 7.3 million users in in excess of 120 international locations. iFIT’s business-main makes – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are driven by the iFIT built-in well being and exercise platform, which seamlessly connects the firm’s proprietary software package, experiential articles and interactive hardware. Centered in Logan, Utah, with offices in Paris, Shanghai, Sydney and Leeds, the corporation presents immersive, adaptive, customized workout ordeals for each and every health and fitness degree and desire. iFIT provides these patented interactive encounters through an in depth offering of are living and on-demand information across the industry’s broadest array of related health modalities. iFIT is a pioneer and leader in the well being and health industry with much more than 400 issued and pending patents.
Source Pathlight Funds
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