secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0000950170-24-004246
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody amends credit facility; raises liquidity floor to $19M then $24M; consents to FMG sale
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- Consented to sale of all investments in Feed Media Group (FMG) for cash consideration not exceeding $1M.
- Minimum liquidity covenant amended: $19M from Jan 9, 2024 through Mar 31, 2024; $24M thereafter.
- Borrower made $1M principal prepayment on term loans plus $30K prepayment premium and accrued interest.
- Outstanding principal after prepayment is approximately $34.1M.
- Amendment effective upon execution, delivery, and certification of no default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024004246/0000950170-24-004246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024004246/body-20240109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-004246

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