Beachbody amends credit agreement, removes capex covenant, raises liquidity floor to $15M

Beachbody Company, Inc.

Minimum liquidity increased from $12M to $15M; maximum capex covenant eliminated.
Minimum digital subscriptions covenant reduced from 850k to 700k, not tested above cash threshold.
First interest rate reduction to SOFR+7.75% (from SOFR+9.00%) available for period ending Dec 31, 2026.
Added Billings Fixed Charge Coverage Ratio of at least 1.10x if covenant testing triggered.
Cash of $34M vs $25M debt as of Sep 30, 2025; company highlights improved liquidity and flexibility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Beachbody Company, Inc. amended Amendment No. 1 to Credit Agreement with Tiger Finance, LLC, as administrative agent and collateral agent valued at The Amended Credit Agreement amends the financial covenants from the Prior Credit Agreement: maximum (effective 2026-01-07).

Action: amendment
Agreement: credit facility
Counterparty: Tiger Finance, LLC, as administrative agent and collateral agent
Value: The Amended Credit Agreement amends the financial covenants from the Prior Credit Agreement: maximum
Effective: 2026-01-07

Exact text from the filing

On January 7, 2026 (the “ Amendment Effective Date ”), The Beachbody Company, Inc. (the “ Company ”) entered into an Amendment No. 1 to Credit Agreement (the “ Amended Credit Agreement ”) among the Company, as the Administrative Borrower (as defined therein), the other Borrowers (as defined therein) party thereto, the lenders party thereto, and Tiger Finance, LLC, as administrative agent and collateral agent.

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295 material agreements filed in the last 30 days. Browse all material agreements →

Beachbody Company, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-007774

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