---
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"
generated_at: "2026-06-13T02:26:31.800381+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beachbody amends credit facility; covenants lowered, maturity shortened, $15M prepaid

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-194684
- JSON: https://secwatch.observer/filing/0001193125-23-194684.json
- Plain text: https://secwatch.observer/filing/0001193125-23-194684.txt

## Key facts
- Debt Financings
  Beachbody Company, Inc. amended credit facility of $50.0 million with Blue Torch Finance, LLC maturing February 8, 2026.
  - Instrument: credit facility
  - Principal: $50.0 million
  - Counterparty: Blue Torch Finance, LLC
  - Maturity: February 8, 2026
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/0001193125-23-194684-index.htm
- Material Agreements
  Beachbody Company, Inc. amended Amendment No. 2 to Financing Agreement with Blue Torch Finance, LLC (effective 2023-07-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Blue Torch Finance, LLC
  - Effective: 2023-07-24
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000119312523194684/0001193125-23-194684-index.htm

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