secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-279028
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley extends springing maturity on Notes to Jan 31, 2026; boosts receivables facility cap to $46.5M
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- Springing maturity on 9.200% Second Lien and 11.000% First Lien Notes extended from Nov 14, 2025 to Jan 31, 2026, contingent on 8.625% Notes staying outstanding.
- Receivables facility cap under Exchange Notes increased from $14.5M to $46.5M; proceeds must repay New Notes and fees.
- WPBB Asset Sale (to K-Love, Inc.) added as permitted asset sale; net proceeds used for taxes, payables, or with holder consent.
- For New Notes, individual asset sale basket reduced from $2.0M to $0.5M; aggregate basket remains $5.0M.
- New Notes indenture amended to add default conditions related to compliance with certain agreements with holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312525279028/0001193125-25-279028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312525279028/d894311d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-279028

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