---
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"
generated_at: "2026-05-15T09:27:11.176959+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Beasley Broadcast Group enters into Transaction Support Agreement for debt refinancing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-117853
- JSON: https://secwatch.observer/filing/0001193125-26-117853.json
- Plain text: https://secwatch.observer/filing/0001193125-26-117853.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312526117853/0001193125-26-117853-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.