Fitness Quest getting $105 million credit facility

By Sara Rosenberg

New York, Aug. 17 - Fitness Quest Inc. is getting a new $105 million senior secured credit facility, according to a news release.

GE Capital Markets and Comerica Bank are the co-lead arrangers on the deal, with GE syndication agent and Comerica administrative agent.

The facility consists of a $50 million five-year revolver and a $55 million five-year term loan.

Proceeds will be used to refinance existing debt and pay dividends to common shareholders.

Fitness Quest is a Canton, Ohio-based marketer and distributor of home fitness and healthy living products.

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