Beasley Broadcast completes exchange of $184.9M notes, issues $30.9M new notes, regains Nasdaq compliance

BEASLEY BROADCAST GROUP INC

Issued $184.9M of 9.200% Senior Secured Second Lien Notes due 2028 in exchange for existing 8.625% notes.
Issued $30.9M of 11.000% Senior Secured First Lien Notes due 2028; proceeds used to purchase $68M of existing notes at 62.5% of par.
Issued 179,384 shares of Class A common stock as part of exchange, plus sold 56,864 shares to Beasley Family Towers LLC for $700,000.
Regained Nasdaq minimum bid price compliance; closing bid price above $1.00 for 10 consecutive days ended Oct 7, 2024.
Supporting holder waived minimum participation condition, enabling the exchange to close.

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