Beachbody amends Tiger Finance credit facility, eases covenant tests above USD 22.5 million cash
Reuters2026/08/06 20:18- 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.
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