{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-194684","form_type":"8-K","ticker":"BODI","cik":"0001826889","company_name":"Beachbody Company, Inc.","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.521518+00:00","generated_at":"2026-06-13T02:26:31.800381+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Beachbody amends credit facility; covenants lowered, maturity shortened, $15M prepaid","bullets":["Minimum revenue covenant set at $100M/qtr through Mar 2024, then $120M; liquidity floor $20M then $25M.","Maturity shortened from Aug 2026 to Feb 2026; $15M prepayment with $0.75M premium on July 24, 2023.","Warrants to lenders amended: exercise price reduced from $1.85 to $0.41 per share, increasing dilution.","Outstanding term loan after amendment ~$34.2M; PIK fee of 1% added to principal.","Covenant amendments and maturity pull-forward signal financial strain and tighter lender controls."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-194684","json":"https://secwatch.observer/filing/0001193125-23-194684.json","markdown":"https://secwatch.observer/filing/0001193125-23-194684.md","text":"https://secwatch.observer/filing/0001193125-23-194684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/0001193125-23-194684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/d480902d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:26:31.800381+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4d29491c1eb2f336ff91712e269643403e9ec00e","claim":"Beachbody Company, Inc. amended credit facility of $50.0 million with Blue Torch Finance, LLC maturing February 8, 2026.","evidence_excerpt":"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”). The Second Amendment, among other things, amends certain terms of the Financing Agreement, including without limitation, to (i) amend the minimum revenue","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/0001193125-23-194684-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50.0 million"},{"label":"Counterparty","value":"Blue Torch Finance, LLC"},{"label":"Maturity","value":"February 8, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"f64e003c221aaf5cd5a8669512b5645792ec76b5","claim":"Beachbody Company, Inc. amended Amendment No. 2 to Financing Agreement with Blue Torch Finance, LLC (effective 2023-07-24).","evidence_excerpt":"On July 24, 2023 (the “Closing Date”), The Beachbody Company, Inc. (the “Company”), Beachbody, LLC (the “Borrower”), certain subsidiaries of 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. 2 to Financing Agreement (the “Second 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_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/0001193125-23-194684-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Blue Torch Finance, LLC"},{"label":"Effective","value":"2023-07-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}