Beasley broadcast group announces settlement of previously announced exchange offer and tender offer

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”).
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