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Beasley Broadcast extends debt restructuring offer deadlines to April 28

April 23, 2026 7:01 AM

Beasley Broadcast Group Inc. (NASDAQ: BBGI) extended deadlines for its debt restructuring offers to 5:00 P.M. New York time on April 28, 2026, according to a company statement.

The Naples, Florida-based media company moved back the Early Second Lien Tender Date, Exchange Offer Withdrawal Deadline, Tender Offer Expiration Date, First Lien Consent Solicitation Expiration Date and Exchange Offer Expiration Date. Settlement dates for both offers were extended to April 30, 2026.

The company completed the purchase of $15.9 million in aggregate principal amount of its 11.000% Senior Secured First Lien Notes due 2028 on March 30, 2026, after 100% of these notes were tendered by the early deadline.

As of 5:00 P.M. on April 22, 2026, approximately 99% of the aggregate principal amount of the company's 9.200% Senior Secured Second Lien Notes due 2028 have been validly tendered in the exchange offer and provided consents to proposed amendments.

The offers are being conducted through Beasley's wholly owned subsidiary, Beasley Mezzanine Holdings, LLC. The exchange offer involves the company's new 10.000% Senior Secured Second Lien PIK Notes due 2027.

D.F. King & Co., Inc. serves as the exchange agent and information agent for the offers. The company noted that no recommendation is being made regarding whether existing noteholders should tender their notes.

Beasley Broadcast Group operates radio stations across multiple markets in the United States, including Boston, Charlotte, Detroit, Las Vegas, Philadelphia and Tampa-Saint Petersburg.

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