Tiger Finance Provides $35 Million in Funding for The Beachbody Co.

Rhea-AI Summary

Tiger Finance, in partnership with SG Credit Partners, has provided The Beachbody Company (NYSE:BODI) with a $35 million financing package. The three-year loan facility includes a $25 million immediate term loan and a $10 million uncommitted accordion. The funding allowed Beachbody to retire $17.3 million in outstanding debt and add $5 million to its balance sheet. The financing is designed to support the fitness and nutrition company's transition to a new business model and expansion in the digital fitness space. Beachbody's CEO Carl Daikeler emphasized that the funding provides liquidity to execute their strategy of opening new and more profitable distribution channels.

Positive

• Secured $35 million in financing to support business transition
• Retired $17.3 million of outstanding debt
• Added $5 million in capital to balance sheet
• Three-year loan term provides extended financial flexibility
• Strategic focus on expanding digital fitness and nutrition channels

Negative

• Company requires turnaround financing indicating financial difficulties
• Taking on new debt to pay off existing debt shows potential cash flow challenges
• Need for business model transition suggests current model may be underperforming

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--Turnaround financing, done in partnership with SG Credit Partners, designed to support fitness and nutrition company's transition to a new business model.   

NEW YORK, June 10, 2025 /PRNewswire/ -- Tiger Capital Group's lending platform, Tiger Finance, has provided $35 million in financing to The Beachbody Company, Inc. (NYSE:BODI), a leading fitness and nutrition company.

SG Credit Partners participated with Tiger in the funding package, which included an immediate $25 million term loan, as well as a $10 million uncommitted accordion. The three-year loan facility allowed the El Segundo, California-based company to retire $17.3 million of outstanding debt, while adding approximately $5 million of capital to its balance sheet.

"We're very excited to partner with Beachbody to support their expansion in the digital fitness and nutrition space," said Andy Babcock, Managing Director at Tiger Finance. "Our team believes that this and other strategic moves by management should position Beachbody for greater profitability and long-term growth."

Carl Daikeler, Beachbody Co-Founder and Chief Executive Officer, added: "Tiger's belief in our business plan and flexible approach to lending gave us the liquidity to execute on our efforts to open new and more profitable channels of distribution. We are thrilled to partner with them and SG Credit Partners on our turnaround strategy."

About Tiger Finance
Stretch asset-based lender Tiger Finance approaches investing decisions based upon Asset Intelligence. Providing first-lien, second-lien, and split-lien facilities, typically structured as term debt, Tiger Finance advances against working capital, machinery and equipment, fixtures, real estate, and intellectual property across a wide range of industries. It is a division of Tiger Capital Group, which specializes in the provision of secured debt financing and equity investments, as well as comprehensive appraisals for the ABL industry and the disposition of consumer and industrial assets.

About BODi and The Beachbody Company, Inc.
Originally known as Beachbody, BODi has been innovating structured step-by-step home fitness and nutrition programs for 25 years such as P90X, Insanity, and 21-Day Fix, plus the first premium superfood nutrition supplement, Shakeology. Since its inception in 1999 BODi has helped over 30 million customers pursue extraordinary life-changing results. The BODi community represents millions of people helping each other stay accountable to goals of healthy weight loss, improved strength and energy, and resilient mental and physical well-being. For more information, please visit TheBeachbodyCompany.com.

Media Contacts: At Jaffe Communications, Elisa Krantz, (908) 789-0700, elisa@jaffecom.com.

View original content:https://www.prnewswire.com/news-releases/tiger-finance-provides-35-million-in-funding-for-the-beachbody-co-302477833.html

SOURCE Tiger Group

FAQ

What is the total amount of financing Tiger Finance provided to Beachbody (BODI)?

Tiger Finance provided a total financing package of $35 million, consisting of a $25 million immediate term loan and a $10 million uncommitted accordion.

How will Beachbody (BODI) use the $35 million financing from Tiger Finance?

Beachbody will use the financing to retire $17.3 million of outstanding debt, add $5 million to its balance sheet, and support its transition to a new business model focused on digital fitness and nutrition.

What is the term of BODI's new financing agreement with Tiger Finance?

The loan facility has a three-year term.

Who are the lending partners in Beachbody's (BODI) new financing deal?

The financing is provided through a partnership between Tiger Finance and SG Credit Partners.

How much additional capital did Beachbody (BODI) add to its balance sheet from the financing?

Beachbody added approximately $5 million of capital to its balance sheet from the financing package.