Beachbody Sells Production Facility for $6.2M Amid Turnaround Plan [MarketWatch]
The Beachbody Company, Inc. Class A (BODY)
US:NASDAQ Investor Relations:
last10k.com/sec-filings/body
Company Research
Source: MarketWatch
The health and wellness company on Monday said that it used the net proceeds from the sale to make a partial prepayment on its term loan of $5.5 million. Advertisement "We are intent on evaluating options that will optimize our balance sheet going forward," Chief Executive Carl Daikeler said. Beachbody has 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 added. The company also said that it amended its term loan with its lender, reducing the minimum liquidity financial covenant to $17 million from $19 million through March 31, and to $22 million from $24 million from April 1 through the maturity date of the term loan. The amounts related to the sale of the facility and the partial prepayment will be recorded in the March quarter. Write to Sabela Ojea at sabela.ojea@wsj.com
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News
- The Beachbody Company, Inc. Announces Sale and Leaseback Agreement Further Strengthening The Company's Liquidity Position [Yahoo! Finance]Yahoo! Finance
- The Beachbody Company, Inc. Announces Sale and Leaseback Agreement Further Strengthening The Company’s Liquidity PositionBusiness Wire
- BODY ALERT: Levi & Korsinsky, LLP Commences Investigation of Beachbody Company, Inc. (“BODY”) (f/k/a Forest Road Acquisition Corp.)GlobeNewswire
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- 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