Beasley Completes Exchange Offer to Reduce Debt
Beasley Broadcast Group, Inc completes the exchange offer and offer to purchase that will eliminate about half of its current $220 million in debt. 
Holders of the company’s existing 9.200% Senior Secured Second Lien Notes due 2028 agreed to exchange them for newly issued 10.000% Senior Secured Second Lien PIK Notes due 2027 at an exchange ratio of 50 cents on the dollar. On March 30, Beasley completed the purchase of $15.9 million aggregate principal amount of Existing First Lien Notes, and $15 million aggregate principal amount of the Existing First Lien Notes remains outstanding.
accepted $15,899,000 in aggregate principal amount of such tenders in accordance with the terms of the Tender Offer. On March 30, 2026, the company completed the purchase of $15,899,000 in aggregate principal amount of the Existing First Lien Notes pursuant to the Tender Offer. As of 5:00 pm on April 15, 2026, approximately 98% of the aggregate principal amount of the Existing Second Lien Notes have validly tendered in the Exchange Offer and provided consents to the proposed amendments to the Existing Second Lien Notes Indenture.