Business
Tiger Finance Provides $35 Million in Funding for The Beachbody Co.
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.
About this update from The Beachbody Company, Inc.
[{"type":"text","content":"--Turnaround financing, done in partnership with SG Credit Partners, designed to support fitness and nutrition company's transition to a new business model. ","length":161,"tagName":"p","attribs":{}},{"type":"text","content":"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.","length":221,"tagName":"p"},{"type":"text","content":"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.","length":359,"tagName":"p"},{"type":"text","content":""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."","length":340,"tagName":"p"},{"type":"text","content":"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."","length":350,"tagName":"p"},{"type":"text","content":"About Tiger FinanceStretch 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.","length":619,"...