AirSculpt amends credit agreement, loosens covenants and raises interest rates

Airsculpt Technologies, Inc.

Consolidated Fixed Charge Coverage Ratio lowered to 1.10:1.00 for Q4 2024 and Q1 2025 (from 1.25:1.00).
Consolidated Leverage Ratio raised to 3.25:1.00 for Q4 2024 and Q1 2025 (from 2.50:1.00).
New minimum liquidity covenant: $6.75M as of Sep 30, 2024; $7.50M for Q4 2024 through Q2 2025.
Applicable margins on SOFR loans increase by 0.50%–1.00% depending on leverage ratio.
Amendment reflects financial strain; company must deliver monthly KPI reports through June 2025.

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