BODi amends credit facility with Tiger Finance; lowers cash covenant threshold, eliminates billings coverage ratio

Beachbody Company, Inc.

Minimum cash threshold for covenant testing reduced from ~$29.6M to $22.5M; billings fixed charge coverage ratio eliminated.
Interest rate increased to SOFR + 9.00% (step-down removed); previously SOFR + 7.75% after step-down.
Minimum liquidity increased from $15M to $18M, stepping down monthly from March 2027 to $16M.
Minimum digital subscriptions covenant reduced to 650k through Dec 2026, then 550k; only tested if cash below $22.5M.
Cash position $36.6M vs debt $23.6M as of March 31, 2026; company cites strengthened balance sheet.

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