{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-214712","form_type":"8-K","ticker":"BBGI","cik":"0001099160","company_name":"BEASLEY BROADCAST GROUP INC","filed_at":"2024-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.169262+00:00","generated_at":"2026-05-31T06:01:51.539952+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Beasley Broadcast launches debt exchange, tender and new notes to restructure $267M notes due 2026","bullets":["Exchange offer for existing 8.625% notes due 2026: receive 95% principal in new 9.200% notes due 2028, pro rata 3.588M shares of Class A common stock, and $5 cash per $1,000.","Separate tender offer for up to $68M of existing notes at 62.5% of par ($625 per $1,000), funded by $12.5M cash and $30M new 11.000% superpriority notes due 2028.","Supporting holders owning ~73% of existing notes entered Transaction Support Agreement and committed to backstop new notes, receiving 3.0% backstop fee.","Transactions conditioned on 100% participation of existing noteholders; expiration October 2, 2024, expected settlement October 4, 2024.","New notes are secured; exchange notes are second-lien, new notes are first-lien superpriority; consent solicitation to amend indenture and release liens."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-214712","json":"https://secwatch.observer/filing/0001193125-24-214712.json","markdown":"https://secwatch.observer/filing/0001193125-24-214712.md","text":"https://secwatch.observer/filing/0001193125-24-214712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1099160/000119312524214712/0001193125-24-214712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1099160/000119312524214712/d843395d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:01:51.539952+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}