Beasley Broadcast completes exchange of 99.53% of second lien notes; debt reduction of ~$92M

BEASLEY BROADCAST GROUP INC

Exchanged $184M of 9.200% Second Lien Notes due 2028 for new 10.000% PIK Notes due 2027 at 50% ratio ($500 per $1,000), reducing principal by approx 50%.
Tender offer purchased $15.9M of Existing First Lien Notes at par; $15M of those notes remain outstanding.
Received 100% valid consents from First Lien Noteholders and sufficient consents from Second Lien Noteholders to amend indentures and release collateral.
Settlement of Offers and effectuation of Proposed Amendments expected on or around April 30, 2026.

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