USA : Nautilus signs Credit Deal with Bank of America

January 19, 2008

Nautilus Inc announced that it has signed its new line of credit agreement with Bank of America, N.A.

The facility is an underwritten 5-year, $100 million asset-based loan with an accordion feature to increase the line of credit to $125 million. The loan is expected to be syndicated by Bank of America.

Headquartered in Vancouver, Wash, Nautilus Inc is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle.

Nautilus Inc

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Posted in Bank of America , Nautilus Inc