Beasley Broadcast Group Announces Settlement of Previously Announced Exchange Offer and Tender Offer
Beasley Broadcast Group, Inc. - Class A (BBGI)
US:NASDAQ Investor Relations:
bbgi.com/investors-2
Company Research
Source: GlobeNewswire
NAPLES, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced the settlement of its previously announced exchange (the “Exchange Offer”) of the Company’s existing 8.625% Senior Secured Notes due 2026 (the “Existing Notes”), cash offer to purchase up to $68.0 million of Existing Notes at a purchase price of 62.5% (the “Tender Offer”) and new notes offer of $30.9 million aggregate principal amount of 11.000% Superpriority Senior Secured Notes due 2028 (the “New Notes” and such offer, the “New Notes Offer” and together with the Exchange Offer and the Tender Offer, collectively, the “Offers”). Holders of approximately $194.7 million of Existing Notes participated in the Exchange Offer, exchanging their Existing Notes into (i) 9.200% Senior Secured Notes due August 1, 2028 (the “Exchange Notes”) at an exchange ratio of 95.0%; (ii) a pro rata share of 179,384 shares of Class A Common Stock of
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Earnings
- 11/5/24 - Miss
BBGI
Sec Filings
- 11/22/24 - Form 4
- 11/20/24 - Form 4
- 11/13/24 - Form 8-K
- BBGI's page on the SEC website