Corporate

Nautilus sells namesake trademark, pays down debt

By 2023-05-03T11:33:00

Nautilus

Nautilus, Inc. has completed the sale of non-core assets, including the Nautilus brand trademark assets and related licenses, for approximately $13 million. The connected home fitness solution company used the net proceeds from the divestiture to pay down part of its term loan. Additionally, the Bowflex parent has improved the ...

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