Proceeds from the facility will be applied to spend in centered development initiatives, efficiency actions to enrich successful advancement, as properly as elevate the iFIT member working experience by continuing to innovate throughout interactive computer software, content material, and components.
“We are grateful to the team at Pathlight for supporting us as we enter our upcoming chapter of progress at iFIT. As exercise routines normalize coming out of the pandemic, we strive to provide the most outsized exercise working experience regardless of the place our member desires to work out. The assistance from Pathlight will allow for us to proceed our management placement in providing the most revolutionary hardware and immersive expertise,” said Steve Barr and Mark Watterson, iFIT co-Presidents.
Mark Twomey, Companion of Pathlight Cash commented, “Pathlight was very pleased to partner with L Catterton and the administration workforce in providing liquidity to support the innovation iFIT delivers to the health and exercise marketplace. The information and interactive nature of their various merchandise choices continues to revolutionize the in-residence work out expertise. We are happy to be a component of this money raise and appear ahead to the ongoing development of the organization.”
About Pathlight Capital
Pathlight Money is a private credit investment decision manager focused to assembly the wants of firms that operate across a broad range of industries by supplying asset-primarily based financial loans secured on a 1st or 2nd lien foundation towards tangible and intangible belongings. Pathlight aims to give inventive funding answers to allow administration teams to accessibility incremental liquidity for the needs of funding doing the job funds, debt refinancings, progress, acquisitions, dividends and turnaround strategies. For a lot more information, you should pay a visit to www.pathlightcapital.com.
About iFIT Overall health & Conditioning Inc.
iFIT® is a world wide fitness and properly-staying subscription know-how firm that gives unmatched conditioning ordeals and alternatives to its rising group of more than 7.3 million customers in in excess of 120 nations. iFIT’s business-foremost brand names – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT built-in health and exercise platform, which seamlessly connects the company’s proprietary application, experiential content material and interactive hardware. Primarily based in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the company provides immersive, adaptive, customized exercise routine experiences for every single exercise amount and desire. iFIT delivers these patented interactive encounters by means of an extensive featuring of live and on-demand from customers content throughout the industry’s broadest range of related exercise modalities. iFIT is a pioneer and leader in the health and health market with extra than 400 issued and pending patents.
Supply Pathlight Capital