Wahoo Fitness to launch $200 million term loan B on Monday

By Sara Rosenberg

New York, July 22 – Wahoo Fitness Holdings LLC is scheduled to hold a lender call at 2 p.m. ET on Monday to launch a $200 million term loan B, according to a market source.

RBC Capital Markets is the left lead on the deal.

Proceeds will be used to help fund the buyout of the company by Rhone Group. Wahoo’s current investor, Norwest Equity Partners, will continue to own a minority investment in the company.

Closing is expected in the third quarter.

Wahoo is an Atlanta-based provider of fitness technology for indoor cycling and endurance training.

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