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

BOSTON, April 14, 2022 /PRNewswire/ — Pathlight Capital LP (“Pathlight”) introduced it is serving as the Administrative Agent on the recently funded $355,000,000 Senior Secured Credit history Facility for iFIT Wellbeing & Health and fitness Inc. (“iFIT” or the “Organization”), a global chief in connected conditioning and interactive content with its in depth portfolio of iFIT® and Sweat® streaming platforms, and its hugely ground breaking machines brand names NordicTrack® and Proform®.

Pathlight Capital (PRNewsfoto/Pathlight Capital)

Proceeds from the facility will be applied to invest in concentrated progress initiatives, effectiveness measures to greatly enhance profitable progress, as nicely as elevate the iFIT member expertise by continuing to innovate throughout interactive computer software, content material, and components.

“We are grateful to the group 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 supply the most outsized physical fitness expertise irrespective of where by our member wishes to exercise session. The assist from Pathlight will allow for us to carry on our leadership position in providing the most impressive components and immersive knowledge,” mentioned Steve Barr and Mark Watterson, iFIT co-Presidents.

Mark Twomey, Partner of Pathlight Cash commented, “Pathlight was proud to husband or wife with L Catterton and the management group in giving liquidity to support the innovation iFIT provides to the health and fitness and physical fitness sector.  The content material and interactive nature of their assorted solution offerings continues to revolutionize the in-home workout experience.  We are pleased to be a component of this cash raise and appear forward to the continued growth of the organization.”

About Pathlight Capital
Pathlight Cash is a private credit score investment decision supervisor committed to meeting the demands of companies that operate across a wide assortment of industries by giving asset-based mostly loans secured on a to start with or next lien foundation from tangible and intangible assets. Pathlight aims to offer innovative funding methods to make it possible for administration groups to access incremental liquidity for the needs of funding operating funds, credit card debt refinancings, progress, acquisitions, dividends and turnaround approaches. For much more data, you should check out www.pathlightcapital.com.

About iFIT Wellness & Health Inc.
iFIT® is a international health and fitness and nicely-staying subscription engineering company that offers unmatched health encounters and alternatives to its escalating local community of in excess of 7.3 million members in around 120 nations around the world. iFIT’s sector-top manufacturers – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT built-in wellness and health system, which seamlessly connects the company’s proprietary software package, experiential content material and interactive hardware. Dependent in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the business gives immersive, adaptive, personalised exercise experiences for every conditioning amount and curiosity. iFIT delivers these patented interactive experiences as a result of an in depth providing of stay and on-desire content across the industry’s broadest variety of connected health and fitness modalities. iFIT is a pioneer and chief in the health and fitness and fitness sector with extra than 400 issued and pending patents.

iFIT Health & Fitness Inc.

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