---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-201510"
form_type: "8-K"
ticker: "BBGI"
cik: "0001099160"
company_name: "BEASLEY BROADCAST GROUP INC"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:13:44.428938+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Beasley completes exchange of $184M second-lien notes for $98.5M PIK notes, new $35M ABL facility

## Summary
- Exchanged $184.1M of 9.200% Second Lien Notes for $98.5M of new 10% PIK Notes due 2027 at $500 per $1,000 principal plus 50% accrued interest.
- New PIK Notes mature Dec 31, 2027, with springing maturity in Sept 2027 if refinancing not secured; interest payable in kind.
- Holders of majority of PIK Notes may convert all outstanding notes into 95% of BBGI common equity after Dec 31, 2027, subject to FCC approval.
- Entered $35M ABL credit facility with Siena Lending Group LLC, maturing 2029, borrowing based on receivables, floating rate + 4.25% margin.
- Completed tender offer for $15.9M of existing First Lien Notes at par; $15M remain outstanding.

## SEC filing metadata
- accession: 0001193125-26-201510
- form_type: 8-K
- ticker: BBGI
- cik: 0001099160
- company_name: BEASLEY BROADCAST GROUP INC
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099160/000119312526201510/0001193125-26-201510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099160/000119312526201510/d64747d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-201510
- JSON: https://secwatch.observer/filing/0001193125-26-201510.json
- Plain text: https://secwatch.observer/filing/0001193125-26-201510.txt

## Source-grounded claims
- claim_id: 1d722e6aba4e61d7fd975a64e306db26e7206ba8
  claim: BEASLEY BROADCAST GROUP INC incurred senior notes of $98,475,254 with Wilmington Trust, National Association at 10.000% maturing December 31, 2027.
  evidence_excerpt: 1, 2026, Beasley Mezzanine Holdings, LLC (the “Issuer”), a direct, wholly owned subsidiary of Beasley Broadcast Group, Inc. (the “Company”), issued $98,475,254 in aggregate principal amount of 10.000% Senior Secured Second Lien PIK Notes due 2027 (the “2027 PIK Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312526201510/0001193125-26-201510-index.htm
- claim_id: 7f3181e42373daff219746db9420a60b0b166c7d
  claim: BEASLEY BROADCAST GROUP INC entered into 2027 PIK Notes Indenture with Wilmington Trust, National Association valued at $98,475,254 (effective 2026-05-01).
  evidence_excerpt: The 2027 PIK Notes were issued pursuant to an indenture, dated as of May 1, 2026 (the “2027 PIK Notes Indenture”), among the Issuer, the guarantors named therein and Wilmington Trust, National Association, as trustee and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312526201510/0001193125-26-201510-index.htm

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