Beasley Broadcast Group enters into Transaction Support Agreement for debt refinancing

BEASLEY BROADCAST GROUP INC

Beasley entered TSA with holders of 98.7% of its 11.000% Senior Secured First Lien Notes due 2028 and 76.5% of 9.200% Senior Secured Second Lien Notes due 2028.
Exchange Offer: Existing Second Lien Notes exchanged for new 10.000% Senior Secured Second Lien PIK Notes due 2027 at 50% of principal amount.
Tender Offer to purchase up to $15,899,000 of Existing First Lien Notes at 100% of par value.
Company will appoint an independent director selected by Initial Supporting Holders; holders can later propose three candidates for additional director.
New PIK Notes include springing maturity condition and equity conversion feature into up to 95% of common stock, subject to FCC approval.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BEASLEY BROADCAST GROUP INC entered into Transaction Support Agreement with holders of Existing Notes (the "Supporting Holders") (effective 2026-03-20).

Action: entry
Agreement: notes offering
Counterparty: holders of Existing Notes (the "Supporting Holders")
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, Beasley Broadcast Group, Inc. (the “ Company ”), on behalf of itself and its direct and indirect subsidiaries, including Beasley Mezzanine Holdings, LLC (the “ Issuer ”), entered into a Transaction Support Agreement (the “ TSA ”) with holders of Existing Notes (as defined below) (the “ Supporting Holders ”) that, as of such date, beneficially owned approximately (a) 98.7% of the aggregate outstanding principal amount of the 11.000% Senior Secured First Lien Notes due 2028 (the “ Existing First Lien Notes ”) and (b) 76.5% of the aggregate outstanding principal amount of the 9.200% Senior Secured Second Lien Notes due 2028 (the “ Existing Second Lien Notes ,” and, together with the Existing First Lien Notes, the “ Existing Notes ”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

BEASLEY BROADCAST GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-26-117853

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud 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.