secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001193125-26-189109
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526189109/0001193125-26-189109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526189109/d112365d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-189109

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