Beasley Broadcast misses interest payments, uses 30-day grace period; restructuring talks ongoing

BEASLEY BROADCAST GROUP INC

Elected 30-day grace period for ~$8.5M interest on 9.200% second lien notes due 2028 and ~$1.7M on 11.000% first lien notes due 2028.
Decision does not trigger Event of Default under indentures; company retains right to pay within grace period.
Company actively engaged in restructuring discussions with stakeholders; no agreement reached yet.
Total missed interest payments of ~$10.2M across two note series; payments due February 1/2, 2026.

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