secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2026-01-08T23:59:59+00:00
Accession:  0001193125-26-007774
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody amends credit agreement, removes capex covenant, raises liquidity floor to $15M
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- Minimum liquidity increased from $12M to $15M; maximum capex covenant eliminated.
- Minimum digital subscriptions covenant reduced from 850k to 700k, not tested above cash threshold.
- First interest rate reduction to SOFR+7.75% (from SOFR+9.00%) available for period ending Dec 31, 2026.
- Added Billings Fixed Charge Coverage Ratio of at least 1.10x if covenant testing triggered.
- Cash of $34M vs $25M debt as of Sep 30, 2025; company highlights improved liquidity and flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312526007774/0001193125-26-007774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312526007774/body-20260107.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-007774

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