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AI brief of an SEC Form 8-K · Beachbody Company, Inc. (BODI)

Beachbody amends Tiger Finance credit deal, raises interest rate to SOFR plus 9.00%

Mixed Impact 3 of 5 financing Written later

Beachbody entered into Amendment No. 2 to its credit agreement with Tiger Finance, LLC on August 3, 2026. The amendment drops the billings fixed charge coverage ratio covenant and lowers the minimum cash threshold to $22.5 million, but raises the minimum liquidity level from $15 million to $18 million and removes a step-down that would have set the interest rate at SOFR plus 7.75%, so the rate is now SOFR plus 9.00% until maturity.

Key points

  • Amendment No. 2 to Credit Agreement dated August 3, 2026, with Tiger Finance, LLC as administrative and collateral agent
  • Billings fixed charge coverage ratio covenant eliminated; minimum cash threshold reduced to $22.5 million
  • Minimum liquidity increased from $15 million to $18 million, decreasing by about $162,000 monthly from March 1, 2027, to $16 million
  • Interest rate is SOFR plus 9.00%, with the SOFR plus 7.75% step-down removed

The filing

CompanyBeachbody Company, Inc. (BODI)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:09 PM ET
Accession number0001193125-26-337988

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.