The Beachbody Company, a proactive wellness company delivering nutrition, supplements and proven fitness programs that help people take control of their health inside and out, entered into a second amendment to its credit agreement with Tiger Finance as administrative agent and collateral agent. This modification continues to enhance the company’s financial flexibility through amended covenant terms.
The amendment further streamlines the financial covenant structure, eliminates the billings fixed charge coverage ratio covenant and adjusts certain other financial covenants, including the minimum digital subscriptions level and the three-month total billings target. The amended covenants for the three-month total billings target and the minimum digital subscriptions level will not be tested if the company’s cash balance is above $22.5 million. The second amendment reduced the cash balance required to not test these two covenants by approximately $7 million as of the date of the second amendment. The company must maintain a minimum liquidity level of $18 million, which will decrease by approximately $0.2 million monthly beginning March 1, 2027 to $16 million.
“We continue to value our relationship with Tiger Finance as a creative, resourceful and supportive partner to BODi,” Mark Goldston, executive chairman of Beachbody, said. “This amendment gives us additional flexibility to execute on our growth strategies as we build on the progress we’ve made in 2026.”
Carl Daikeler, co-founder and CEO of Beachbody, added, “This amendment reflects the continued strengthening of our balance sheet and supports our ability to invest in growth, including our nutrition and retail initiatives, without compromising the financial discipline that has defined our turnaround.”
The company’s cash position of $36.6 million on March 31, 2026, exceeded its $23.6 million debt level by $13 million. This strong financial position demonstrates the success of its financial transformation and positions BODi for its planned growth initiatives in 2026.
