secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000950170-24-115942
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024115942/0000950170-24-115942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024115942/body-20241018.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer