Beasley Broadcast Group Extends Bond Offer Deadlines

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Apr 23 2026

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BBGI-1.89%

Should l Buy BBGI?

Source: PRnewswire

Offer Deadline Extension: Beasley Broadcast Group has extended the Early Second Lien Tender Date to April 28, 2026, at 5:00 PM, indicating flexibility in debt management aimed at increasing investor participation and optimizing capital structure.
Bond Acceptance Rate: As of the Early First Lien Tender Date, 100% of the Existing First Lien Notes have been accepted, totaling $15,899,000, which will help reduce the company's financial costs and improve cash flow.
Second Lien Notes Participation: By April 22, 2026, approximately 99% of the Existing Second Lien Notes have been validly tendered in the Exchange Offer, reflecting investor confidence in the company's future prospects and potentially enhancing its market position.
Compliance and Transparency: The company emphasizes that all offers comply with relevant laws and encourages existing noteholders to carefully review the Confidential Offer Memorandum and its supplements to ensure transparency and compliance, thereby enhancing investor trust.

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About BBGI

Beasley Broadcast Group, Inc. is a multi-platform media company. The Company's primary business is operating radio stations throughout the United States. It offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company’s segments include Audio and Digital. The Company owns and operates radio stations in various radio markets, including Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Las Vegas, Middlesex, Monmouth, Morristown, Philadelphia, and Tampa-Saint Petersburg. The Company owns approximately 57 amplitude modulation (AM) and frequency modulation (FM) stations in large- and mid-size markets in the United States. Its brands include WDRR, WHHD, WKXC, and others. Its subsidiaries include Beasley Mezzanine Holdings, LLC, Beasley Media Group, LLC, Beasley Media Group Licenses, LLC and OutlawsXP, Inc.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Beasley Broadcast Group to Report Q1 2026 Financial Results

3 days agoPRnewswire

Earnings Report Schedule: Beasley Broadcast Group is set to release its Q1 2026 financial results before the market opens on May 13, 2026, reflecting the company's performance in the multi-platform media sector.
Conference Call Details: The company will host a conference call and webcast at 11:00 AM ET on the same day, with participants able to dial (800) 715-9871 or +1 (646) 307-1963 using conference ID 1613596 to join, ensuring transparency of information.
Webcast Access: Participants can listen to the live webcast via the company's website at www.bbgi.com, with a requirement to register and download necessary software 15 minutes in advance to ensure smooth participation.
Question Submission Channel: Analysts and investors can submit questions via email until 9:00 AM ET on May 13, enhancing interaction as management will address as many inquiries as possible during the call.

Beasley Broadcast Group Completes Bond Exchange and Purchase

May 01 2026PRnewswire

Successful Bond Exchange: Beasley Broadcast Group successfully completed the exchange of its existing 9.200% Second Lien Notes, with approximately $184,056,000 in notes participating, ultimately converting into $98,475,254 of 2027 PIK Notes, thereby strengthening the company's capital structure.
Cash Purchase Program: The company successfully purchased $15.9 million of 11.000% First Lien Notes at a purchase price of 100% of par value, which will help reduce the company's debt burden and improve financial flexibility.
Holder Support Agreement: Approximately 98.7% of First Lien Note holders and 76.5% of Second Lien Note holders entered into an amended transaction support agreement, demonstrating strong market support for the company's debt restructuring plan and enhancing investor confidence.
Legal and Financial Advisors: Latham & Watkins LLP served as the company's legal counsel while Guggenheim Securities, LLC acted as financial advisor, ensuring compliance and smooth execution of the transactions, further enhancing the company's market reputation.

Beasley Broadcast Group Completes Debt Exchange Offers

May 01 2026Newsfilter

Successful Debt Exchange: Beasley Broadcast Group successfully completed the exchange of its existing 9.200% Senior Secured Second Lien Notes, with approximately $184,056,000 participating in the exchange for $98,475,254 of 2027 PIK Notes, enhancing the company's financial flexibility.
Cash Purchase Program: The company purchased $15.9 million of 11.000% Senior Secured First Lien Notes for cash, ensuring liquidity and reducing maturity burdens, with $15 million of these notes still outstanding.
Supporter Participation: Approximately 98.7% of existing First Lien Note holders and 76.5% of Second Lien Note holders entered into an amended transaction support agreement, indicating strong market support for the company's debt restructuring plans.
Legal and Financial Advisors: Latham & Watkins LLP served as legal counsel and Guggenheim Securities, LLC acted as financial advisor to the company, ensuring compliance and smooth execution of the transactions, thereby boosting investor confidence.