secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2026-08-06T20:09:23+00:00
Accession:  0001193125-26-337988
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BODi amends credit facility with Tiger Finance; lowers cash covenant threshold, eliminates billings coverage ratio
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- Minimum cash threshold for covenant testing reduced from ~$29.6M to $22.5M; billings fixed charge coverage ratio eliminated.
- Interest rate increased to SOFR + 9.00% (step-down removed); previously SOFR + 7.75% after step-down.
- Minimum liquidity increased from $15M to $18M, stepping down monthly from March 2027 to $16M.
- Minimum digital subscriptions covenant reduced to 650k through Dec 2026, then 550k; only tested if cash below $22.5M.
- Cash position $36.6M vs debt $23.6M as of March 31, 2026; company cites strengthened balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312526337988/0001193125-26-337988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312526337988/body-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-337988

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