Beachbody amends Tiger Finance credit facility, eases covenant tests above USD 22.5 million cash

Reuters2026/08/06 20:18

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Beachbody entered a second amendment to its credit agreement with Tiger Finance, easing covenant terms to boost financial flexibility.
Amendment removes the billings fixed charge coverage ratio covenant.
Resets minimum digital subscriptions and three-month total billings targets; tests waived if cash exceeds USD 22.5 million, down about USD 7 million.
Minimum liquidity set at USD 18 million, stepping down about USD 0.2 million monthly from March 1, 2027 to USD 16 million.
Cash totaled USD 36.6 million at March 31, 2026 versus USD 23.6 million of debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Beachbody Company Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608061605BIZWIRE_USPR_____20260806_BW238968) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Beachbody amends Tiger Finance credit facility, eases covenant tests above USD 22.5 million cash

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