Pathlight Funds Supplies $355 Million Facility to iFIT Well being & Health
Proceeds from the facility will be employed to make investments in centered growth initiatives, performance steps to enrich successful growth, as very well as elevate the iFIT member expertise by continuing to innovate across interactive application, written content, and components.
“We are grateful to the workforce at Pathlight for supporting us as we enter our up coming chapter of development at iFIT. As conditioning routines normalize coming out of the pandemic, we attempt to deliver the most outsized fitness encounter regardless of in which our member desires to exercise session. The help from Pathlight will permit us to carry on our leadership placement in offering the most ground breaking hardware and immersive experience,” mentioned Steve Barr and Mark Watterson, iFIT co-Presidents.
Mark Twomey, Spouse of Pathlight Capital commented, “Pathlight was proud to partner with L Catterton and the administration staff in providing liquidity to guidance the innovation iFIT provides to the health and health and fitness market. The information and interactive character of their diverse merchandise offerings proceeds to revolutionize the in-home training expertise. We are delighted to be a section of this capital elevate and look ahead to the continued expansion of the company.”
About Pathlight Capital
Pathlight Cash is a non-public credit financial investment manager devoted to conference the requires of corporations that run throughout a broad array of industries by giving asset-based mostly financial loans secured on a very first or next lien foundation from tangible and intangible property. Pathlight aims to present imaginative funding remedies to let administration groups to access incremental liquidity for the purposes of funding operating cash, personal debt refinancings, growth, acquisitions, dividends and turnaround procedures. For additional details, you should go to www.pathlightcapital.com.
About iFIT Wellness & Health Inc.
iFIT® is a world wide health and properly-staying membership technologies enterprise that provides unmatched conditioning experiences and answers to its growing group of around 7.3 million members in above 120 countries. iFIT’s marketplace-top makes – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT integrated health and fitness platform, which seamlessly connects the firm’s proprietary software program, experiential information and interactive hardware. Dependent in Logan, Utah, with offices in Paris, Shanghai, Sydney and Leeds, the enterprise delivers immersive, adaptive, individualized workout ordeals for each individual exercise level and interest. iFIT provides these patented interactive ordeals through an extensive offering of reside and on-demand from customers content across the industry’s broadest range of connected health modalities. iFIT is a pioneer and chief in the overall health and health sector with more than 400 issued and pending patents.
Supply Pathlight Funds
