NordicTrack Maker’s Loan Sale Said Struggling as Sears Ties Hurt
This article is for subscribers only.
Icon Health & Fitness Inc. is getting a serious workout in the loan market.
The company, which manufactures NordicTrack treadmills among other products, is struggling to find buyers for $220 million in debt at terms it’s been offering. The deal would lower costs and help pay down bonds maturing next year, according to three people with knowledge of the matter.