Varsity Brands’ Debt Ratings Lowered

Standard & Poors lowered the debt ratings of Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones. The rating agency said the company continues to perform below its expectations due to high operating expenses, resulting in weaker-than-expected profitability and adjusted leverage above 10 times.

Wahoo Acquires Speedplay

Wahoo, the provider of connected fitness devices, announced its acquisition of Speedplay, the pedal brand found on the bikes of athletes such as Tour de France winner Sir Bradley Wiggins, two-time Ironman World Champion Jan Frodeno, and two-time Time Trial World Champion Kristin Armstrong.

YogaClub Attains Funding

YogaClub, a size-inclusive activewear subscription service for women based in El Segundo, CA, secured a credit facility of $2 million from Garden City, NY-based Craft Capital Management.

Mayfield Athletics Earns Patent For Facemask Clip Design

Mayfield Athletics, a Michigan-based sports equipment company, earned a patent for its flagship product, S.A.F.E.Clip, a facemask clip proven to reduce impact to the head by up to 35 percent for football players. The company recently announced a second patent is currently pending for its Generation 2 design.

Ninja Nation Launches Global Franchise Program

Ninja Nation, a leading provider of obstacle course arenas,  formally launched its global franchise program. In announcing ambitious growth plans, company leadership set a goal of creating One Million Heroes – children and adults bettering themselves physically and mentally through unique and ever-changing Ninja Nation obstacle courses.

HanesBrands Partners With How2Recycle

Hanes has partnered with How2Recycle, a standardized labeling system that will help the company clearly communicate packaging recycling instructions on the nearly 500 million packages of product it sells in the United States and Canada.