BODi Amends Credit Facility: Higher Interest, Lower Covenant Thresholds, $225K/Month Repayments Begin
BODI has more than doubled off its 52-week low of $4.054.
Summary
Beachbody amended its credit facility with Tiger Finance, raising the interest rate to SOFR + 9.00% and easing certain financial covenants while increasing minimum liquidity requirements. Monthly principal repayments of $225,000 begin in September 2026.
Key Events · Financing and Capital Events · BODI
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Credit Agreement Amended
On August 3, 2026, Beachbody entered into Amendment No. 2 to its credit agreement with Tiger Finance, modifying financial covenants and increasing the interest rate to SOFR + 9.00%.
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Higher Interest Rate
The Applicable Margin increased from SOFR + 7.75% to SOFR + 9.00%, raising the cost of debt and reflecting increased lender risk perception.
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Covenant Thresholds Eased
The cash threshold triggering covenant testing dropped to $22.5 million from approximately $29.6 million, and the billings fixed charge coverage ratio was eliminated. Minimum digital subscriptions were reduced to 650,000 through 2026 and 550,000 thereafter.
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Liquidity Requirement Increased
Minimum liquidity rose to $18 million from $15 million, stepping down monthly by about $162,000 starting March 2027 to a floor of $16 million.
Analysis · BODI · Trade & Services
Beachbody amended its credit agreement with Tiger Finance, increasing the interest rate to SOFR + 9.00% and lowering the cash threshold that triggers covenant testing to $22.5 million. The billings fixed charge coverage ratio was eliminated, but minimum liquidity rose to $18 million and digital subscription covenants were eased. These changes provide near-term flexibility but come at a higher cost of capital, reflecting a lender demanding tighter terms amid the company's turnaround. The amendment also introduces $225,000 monthly principal repayments starting September 2026, adding a fixed cash outflow.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.4% of the 1637 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BODI was trading at $9.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $72.3M. The 52-week trading range was $4.05 to $16.87. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.