---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-008189"
form_type: "8-K"
ticker: null
cik: "0001078207"
company_name: "BOWFLEX INC."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:16:24.364597+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bowflex terminates Wells Fargo credit agreement with $3.02M payoff

## Summary
- On Feb 26, 2024, Bowflex paid ~$3.02 million to Wells Fargo to fully satisfy and terminate the Credit Agreement originally dated Jan 31, 2020.
- No early termination penalty was incurred in connection with the payoff.
- All obligations under the Credit Agreement and related loan documents were discharged immediately upon payment.

## SEC filing metadata
- accession: 0001628280-24-008189
- form_type: 8-K
- cik: 0001078207
- company_name: BOWFLEX INC.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078207/000162828024008189/0001628280-24-008189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078207/000162828024008189/bfx-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-008189
- JSON: https://secwatch.observer/filing/0001628280-24-008189.json
- Plain text: https://secwatch.observer/filing/0001628280-24-008189.txt

## Key facts
- Material Agreements
  BOWFLEX INC. terminated Credit Agreement with Wells Fargo Bank, National Association valued at approximately $3.02 million (effective 2024-02-26).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: approximately $3.02 million
  - Effective: 2024-02-26
  source text: On February 26, 2024, the Company entered into a payoff letter for a voluntary prepayment of the Credit Agreement (the “ Payoff Letter ”). Pursuant to the Payoff Letter, the Company paid a total of approximately $3.02 million to the Agent, representing the outstanding interest, expenses and fees, cash collateral, and other amounts owing to the Lenders and thereby terminated the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078207/000162828024008189/0001628280-24-008189-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.