Beasley Broadcast Group refinances 98.4% of existing notes through exchange and tender

BEASLEY BROADCAST GROUP INC

$262.7M of 8.625% senior notes due 2026 tendered/exchanged (98.4% participation); $68M tendered for cash at 62.5% of par.
$194.7M exchanged for $185M of 9.2% senior secured notes due 2028, plus $5/1K cash and 179,424 shares (post-reverse split).
$30M of 11% superpriority senior secured notes due 2028 issued; backstopped by supporting holder.
Consent solicitation passed; indenture amendments will become effective upon settlement expected Oct 8.
CEO Caroline Beasley says transactions provide meaningful debt reduction and maturity extension for shareholders.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.