secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001193125-24-237274
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312524237274/0001193125-24-237274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312524237274/d861296d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-237274

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