Beachbody amends credit facility: removes revenue covenant, adds EBITDA covenant, $3.2M prepayment

Beachbody Company, Inc.

Removed minimum revenue covenant; added minimum EBITDA covenant for each fiscal quarter.
Minimum liquidity set at $9.5M through Dec 31, 2024, then $13.0M thereafter.
Additional mandatory principal payments of $7M in 2025: $3M Q1, $2M Q2, $1M Q3, $1M Q4.
Made $3.2M prepayment plus $40K premium on Oct 18, 2024; warrant exercise price reduced to $6.26 from $9.16.

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