---
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"
generated_at: "2026-05-31T06:01:51.539952+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Beasley Broadcast launches debt exchange, tender and new notes to restructure $267M notes due 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-214712
- JSON: https://secwatch.observer/filing/0001193125-24-214712.json
- Plain text: https://secwatch.observer/filing/0001193125-24-214712.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.