Nautilus closed a five-year, $70 million senior secured credit facility comprised of a $55 million asset-based revolver loan and a $15 million term loan with Wells Fargo as administrative agent.
According to a related 8-K filing, the company will use proceeds from the facility to refinance its existing $40 million asset-based revolving facility with JPMorgan Chase Bank, pay transaction expenses, and for general corporate purposes.
