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Beasley Broadcast Group Extends Early Second Lien Tender Date, Exchange Offer Withdrawal Deadline, Tender Offer Expiration Date, First Lien Consent Solicitation Expiration Date, Exchange Offer Expiration Date, Tender Offer Settlement Date and the Exch...
Beasley Broadcast Group Extends Early Second Lien Tender Date, Exchange Offer Withdrawal Deadline, Tender Offer Expiration Date, First Lien Consent
About this update from Beasley Broadcast Group, Inc.
[{"type":"text","content":"Beasley Broadcast Group Extends Early Second Lien Tender Date, Exchange Offer Withdrawal Deadline, Tender Offer Expiration Date, First Lien Consent Solicitation Expiration Date, Exchange Offer Expiration Date, Tender Offer Settlement Date and the Exchange Offer Settlement Date of Previously Announced Exchange Offer and Tender Offer \n \nNAPLES, Fla., April 16, 2026 /PRNewswire/ -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the \"Company\"), a multi-platform media company, today announced that the Early Second Lien Tender Date, the Exchange Offer Withdrawal Deadline, the Tender Offer Expiration Date, the First Lien Consent Solicitation Expiration Date and the Exchange Offer Expiration Date, in connection with the previously announced exchange offer (the \"Exchange Offer\"), tender offer (the \"Tender Offer\" and, together with the Exchange Offer, the \"Offers\") and solicitation of consents related to proposed amendments to the indenture governing the Issuer's (as defined below) 11.000% Senior Secured First Lien Notes due 2028 (the \"Existing First Lien Notes\") or the indenture governing the Issuer's 9.200% Senior Secured Second Lien Notes due 2028 (the \"Existing Second Lien Notes,\" such indenture, the \"Existing Second Lien Notes Indenture\" and, the Existing First Lien Notes together with the Existing Second Lien Notes, the \"Existing Notes\") (the \"Consent Solicitations\"), as applicable, by its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the \"Issuer\"), have been extended to 5:00 P.M., New York City time, on April 22, 2026, unless further extended. The Tender Offer Settlement Date and the Exchange Offer Settlement Date have been extended to April 24, 2026, unless further extended.\n \n \n \n \n \n \n \nAs of the Early First Lien Tender Date, 100% of the Existing First Lien Notes had been tendered, and the Company accordingly accepted $15,899,000 in aggregate principal amount of such tenders in accordance with the terms of the Tender Offer. On March 30, 2026, the Company completed the purchase of $15,899,000 in aggregate principal amount of the Existing First Lien Notes pursuant to the Tender Offer.As of 5:00 P.M. on April 15, 2026, approximately 98% of the aggregate principal amount of the Existing Second Lien Notes have validly tendered in the Exchange Offer and provided consents to the proposed amendme...