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Beasley Broadcast Group Extends Withdrawal Deadline, Expiration Date and Subscription Form Delivery Date of Previously Announced Exchange Offer and Tender Offer
Beasley BroadcastBeasley Broadcast(US:BBGI) GlobeNewswire News Room·2024-10-01 12:15

Core Points - Beasley Broadcast Group, Inc. has extended the Withdrawal Deadline, Expiration Date, and Subscription Form Delivery Date for its exchange offer, tender offer, and new notes offering to October 4, 2024 [1] - The Settlement Date has also been extended to October 8, 2024 [1] - Approximately 93% of outstanding Existing Notes have been submitted for tender or exchange as of September 30, 2024 [2] Offer Details - The extension was granted at the request of key holders of the existing 8.625% Senior Secured Notes due 2026 to amend their participation in the Offers [2] - The total number of Existing Notes tendered or exchanged by the requesting Holders is expected to remain unchanged after accommodating the request [2] - Full details of the Offers are available in the Exchange Offer Memorandum and its supplement, which existing noteholders are encouraged to read [3] Company Overview - Beasley Broadcast Group operates radio stations across the United States and provides integrated marketing solutions across audio, digital, and event platforms [8] - The company reaches approximately 20 million consumers weekly through its radio stations and engages with audiences via digital platforms [8]