New York, July 28, 2015 -- Moody's Investors Service today upgraded ICON Health & Fitness' ("ICON") Corporate Family Rating to B2 from B3 due to its improved operating performance and enhanced liquidity profile. The proposed $160 million first lien term loan was rated B2 and the $60 million second lien term loan was rated B3. The proceeds will be used to refinance the existing 11.875% senior secured notes. The Caa1 rating on the notes will be withdrawn at close. The rating outlook is stable.
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