Pathlight Money Presents $355 Million Facility to iFIT Health & Physical fitness

Proceeds from the facility will be applied to spend in centered advancement initiatives, efficiency measures to greatly enhance profitable progress, as effectively as elevate the iFIT member knowledge by continuing to innovate across interactive software, content, and hardware.

“We are grateful to the staff at Pathlight for supporting us as we enter our future chapter of advancement at iFIT.  As fitness routines normalize coming out of the pandemic, we attempt to provide the most outsized physical fitness knowledge irrespective of where by our member desires to exercise routine. The assist from Pathlight will let us to go on our leadership posture in delivering the most ground breaking components and immersive encounter,” mentioned Steve Barr and Mark Watterson, iFIT co-Presidents.

Mark Twomey, Husband or wife of Pathlight Funds commented, “Pathlight was happy to companion with L Catterton and the administration group in delivering liquidity to assist the innovation iFIT provides to the wellness and physical fitness sector.  The material and interactive nature of their numerous product offerings continues to revolutionize the in-household exercise session knowledge.  We are happy to be a component of this cash increase and glance forward to the continued development of the business.”

About Pathlight Capital
Pathlight Capital is a personal credit score expense manager focused to conference the wants of businesses that run throughout a broad assortment of industries by providing asset-dependent loans secured on a initially or 2nd lien basis versus tangible and intangible belongings. Pathlight aims to offer artistic funding options to enable administration teams to accessibility incremental liquidity for the needs of funding doing the job funds, credit card debt refinancings, expansion, acquisitions, dividends and turnaround procedures. For far more info, please visit

About iFIT Health and fitness & Conditioning Inc.
iFIT® is a worldwide conditioning and properly-staying membership technological innovation company that gives unmatched exercise experiences and methods to its increasing community of more than 7.3 million customers in more than 120 nations. iFIT’s industry-foremost makes – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT built-in wellbeing and conditioning system, which seamlessly connects the company’s proprietary computer software, experiential material and interactive components. Primarily based in Logan, Utah, with offices in Paris, Shanghai, Sydney and Leeds, the company provides immersive, adaptive, customized exercise session encounters for each individual exercise level and fascination. iFIT delivers these patented interactive activities by an intensive presenting of live and on-demand from customers content material throughout the industry’s broadest selection of related exercise modalities. iFIT is a pioneer and chief in the overall health and health and fitness sector with far more than 400 issued and pending patents.

Source Pathlight Money

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