{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-117853","form_type":"8-K","ticker":"BBGI","cik":"0001099160","company_name":"BEASLEY BROADCAST GROUP INC","filed_at":"2026-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.537544+00:00","generated_at":"2026-05-15T09:27:11.176959+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Beasley Broadcast Group enters into Transaction Support Agreement for debt refinancing","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-117853","json":"https://secwatch.observer/filing/0001193125-26-117853.json","markdown":"https://secwatch.observer/filing/0001193125-26-117853.md","text":"https://secwatch.observer/filing/0001193125-26-117853.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1099160/000119312526117853/0001193125-26-117853-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1099160/000119312526117853/d113231d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-15T09:27:11.176959+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2435750c55c779be01aae7f2535935ff2fd0feef","claim":"BEASLEY BROADCAST GROUP INC entered into Transaction Support Agreement with holders of Existing Notes (the \"Supporting Holders\") (effective 2026-03-20).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1099160/000119312526117853/0001193125-26-117853-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"holders of Existing Notes (the \"Supporting Holders\")"},{"label":"Effective","value":"2026-03-20"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}