BowFlex Gets OK For $25M DIP, Plans On April Sale

By Rick Archer · March 6, 2024, 12:48 PM EST

A New Jersey bankruptcy judge on Wednesday gave BowFlex permission to draw on $25 million in Chapter 11 financing as the exercise equipment company heads for what it said will be...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

The makers of the BowFlex exercise machine filed for Chapter 11 bankruptcy, planning to sell its assets in April with a $37.5 million stalking horse offer.

Case Number

24-bk-12364

Judge

Andrew B. Altenburg, Jr.

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$67 million

View Full Scorecard

Related Sections

Case Information

Case Title

BowFlex Inc.

Case Number

1:24-bk-12364

Court

New Jersey

Nature of Suit

Date Filed

March 04, 2024

Recent Articles By Rick