The Beachbody Company, Inc. 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.