Beach Body

Parameters

Term Loan: $25.0MM, All asset lien

Situation

Beachbody (BODi) is a digital fitness and nutrition company offering subscription-based workout programs and nutritional products directly to consumers.

Post-COVID shifts in consumer behavior reduced subscribers and profitability, prompting the Company to divest non-core assets, right-size SG&A, and implement a broad operational restructuring. These actions required a financing partner aligned with the Company’s turnaround objectives.

Tiger’s Role

Tiger structured a flexible financing solution by underwriting non-traditional ABL assets, including subscribers and the content library, providing critical liquidity during the transition.

Resolution

Following Beachbody’s improved financial performance in 2025, Tiger modified the facility to better support the Company’s evolving business model, reinforcing its commitment to a long-term partnership.