Brief: Bowflex Inc Says Co Files For Voluntary Chapter 11 Protection & Reaches Stalking Horse Agreement To Facilitate Sale
05/03/2024 05:43
March 5 (Reuters) - BowFlex Inc BFX.N :
* BOWFLEX INC. FILES FOR VOLUNTARY CHAPTER 11 PROTECTION AND
REACHES STALKING HORSE AGREEMENT TO FACILITATE SALE
* BOWFLEX - SECURED COMMITMENT FOR $25 MILLION IN DIP
FINANCING TO
CONTINUE TO FULFILL CUSTOMER ORDERS AND SUPPORT ORDINARY COURSE
OPERATIONS
* BOWFLEX : AGREEMENT WITH JOHNSON HEALTH TECH RETAIL TO
SERVE AS
STALKING HORSE BIDDER TO ACQUIRE SUBSTANTIALLY ALL OF ASSETS OF
CO FOR $37,500,000
Source text for Eikon: ID:nBw6Mdy1Ja
Further company coverage: BFX.N
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Bowflex Inc Says Co Files For Voluntary Chapter 11 Protection & Reaches Stalking Horse Agreement To Facilitate Sale
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