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
Source @ Fibre2fashion.com
USA : Nautilus signs Credit Deal with Bank of America
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