Beasley Broadcast Completes Debt Restructuring Deals

RADIO ONLINE | Wednesday, April 29, 2026 | 3:31pm CT

Beasley Media Group

Beasley Broadcast Group announced it has completed its debt restructuring transactions following the expiration of its exchange offers. The company repurchased $15.9 million of its 11.000% Senior Secured First Lien Notes due 2028, leaving approximately $15 million outstanding. The notes were acquired at 100% of their principal value.

As part of the restructuring, holders of the company's 9.200% Senior Secured Second Lien Notes due 2028 were offered the opportunity to exchange their holdings for newly issued 10.000% Senior Secured Second Lien PIK Notes due 2027 at a 50% exchange ratio. The company reported participation of $184.06 million in aggregate principal, representing 99.53% of eligible notes.

Beasley said it also secured required consents to amend the indentures governing the notes, with full participation from first lien noteholders. A supporting holder of second lien notes agreed to waive a condition that required 100% participation.

The restructuring comes as the company manages approximately $271 million in total debt and recent financial pressures, including negative free cash flow and a net loss over the past year.

Despite those challenges, Beasley's stock has posted significant gains over the past year, reflecting investor response to its financial restructuring efforts.