---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-042629"
form_type: "8-K"
ticker: "BODI"
cik: "0001826889"
company_name: "Beachbody Company, Inc."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:28:44.523821+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Beachbody amends term loan: revenue covenant lowered to $100M/quarter, $25.5M outstanding

## Summary
- Quarterly revenue floor reduced to $100M through Dec 2024, then $110M through Dec 2025.
- Minimum liquidity covenant lowered from $22M to $18M.
- Paid down $4M debt, reducing outstanding loan balance to $25.5M.
- Warrant exercise price adjusted from $20.50 to $9.16 per share.
- CEO cites reduced revenue breakeven from >$900M in 2022 to <$500M in 2024.

## SEC filing metadata
- accession: 0000950170-24-042629
- form_type: 8-K
- ticker: BODI
- cik: 0001826889
- company_name: Beachbody Company, Inc.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826889/000095017024042629/0000950170-24-042629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826889/000095017024042629/body-20240405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042629
- JSON: https://secwatch.observer/filing/0000950170-24-042629.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042629.txt

## Key facts
- Material Agreements
  Beachbody Company, Inc. entered into Warrant Second Amendment with affiliates of the lenders and Blue Torch valued at Amends exercise price from $20.50 to $9.16 per share of Class A Common Stock for warrants to purchas (effective 2024-04-05).
  - Action: entry
  - Counterparty: affiliates of the lenders and Blue Torch
  - Value: Amends exercise price from $20.50 to $9.16 per share of Class A Common Stock for warrants to purchas
  - Effective: 2024-04-05
  source text: In connection with the Fifth Amendment, the Company also amended and restated the warrants to purchase 97,482 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), originally issued to affiliates of the lenders and Blue Torch (the “Blue Torch Warrants”) (the “Warrant Second Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017024042629/0000950170-24-042629-index.htm
- Material Agreements
  Beachbody Company, Inc. entered into Amendment No. 5 to Financing Agreement with Blue Torch Finance, LLC valued at Minimum revenue covenant: $100M per quarter ending after closing and on or before Dec 31, 2024; $110 (effective 2024-04-05).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Blue Torch Finance, LLC
  - Value: Minimum revenue covenant: $100M per quarter ending after closing and on or before Dec 31, 2024; $110
  - Effective: 2024-04-05
  source text: Item 1.01 Entry into a Material Definitive Agreement. Financing Agreement Amendment On April 5, 2024 (the “Closing Date”), Beachbody, LLC (the “Borrower”), a subsidiary of The Beachbody Company, Inc. (the “Company”), the lenders party thereto and Blue Torch Finance, LLC (“Blue Torch”), as collateral agent and as administrative agent, entered into that certain Amendment No. 5 to Financing Agreement (the “Fifth Amendment”), which amended the Company’s existing Financing Agreement, dated as of August 8, 2022 (as previously amended, the “Financing Agreement”), by and among the Company, the Borrower, the lenders party thereto from time to time and Blue Torch, as collateral agent and as administrative agent, which provided for a senior secured term loan facility in an original aggregate principal amount of $50.0 million (the “Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017024042629/0000950170-24-042629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.