The Beachbody Company, Inc. Announces Sale and Leaseback Agreement Further Strengthening The Company’s Liquidity Position
The Beachbody Company, Inc. Class A (BODY)
US:NASDAQ Investor Relations:
last10k.com/sec-filings/body
Company Research
Source: Business Wire
EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading subscription health and wellness company, today announced that it has sold its Van Nuys production facility which had a net carrying value of $4.8 million at December 31, 2023, for $6.2 million. Simultaneous with the sale, the Company entered into a five-year lease of the facility, with two options to extend the lease for a period of three years each.The Company used the net proceeds received from the sale to make a partial prepayment on its Term Loan of $5.5 million. The amounts related to the sale of the facility and the partial prepayment will be recorded in the quarter ended March 31, 2024. The Company also entered into an amendment of its Term Loan with its lender which (1) reduced the minimum liquidity financial covenant from $19 million to $17 million through March 31, 2024, and (2) reduced the minimum liquidity financial covenant from $24 million to $22 millio
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News
- Beachbody Sells Production Facility for $6.2M Amid Turnaround Plan [MarketWatch]MarketWatch
- The Beachbody Company, Inc. Announces Sale and Leaseback Agreement Further Strengthening The Company's Liquidity Position [Yahoo! Finance]Yahoo! Finance
- BODY ALERT: Levi & Korsinsky, LLP Commences Investigation of Beachbody Company, Inc. (“BODY”) (f/k/a Forest Road Acquisition Corp.)GlobeNewswire
- The 5 best headphones for working out in 2024 [Business Insider]Business Insider
- The Beachbody Company, Inc. to Change Ticker Symbol to "BODI" on March 4 [Yahoo! Finance]Yahoo! Finance
BODY
Earnings
- 8/8/23 - Miss
BODY
Sec Filings
- 3/4/24 - Form SC
- 3/1/24 - Form SC
- 2/28/24 - Form SC
- BODY's page on the SEC website