The struggling exercise equipment company has divested its eponymous brand and related licenses and other assets for about $13 million, noting that it has de-emphasized the Nautilus brand recently in favor of Bowflex and its JRNY connected fitness efforts. Proceeds from the sale were used to pay down part of its term loan. Total borrowings are down to about $18 million, from $61 million at the end of 2022. NLS also inked a revised ABL credit facility with Wells Fargo, lowering the maximum revolving loan commitment from $100 million to $60 ... Log in to view full article.