Beasley Broadcast Group Extends Key Dates for Tender and Exchange Offers

Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a multi-platform media company primarily engaged in operating radio stations across the United States, has announced important updates regarding its earlier tender and exchange offers aimed at restructuring its existing debt. The Company has extended several key deadlines pertinent to its Offers and Consent Solicitations, which are designed to amend the indentures governing its senior secured notes.

In a press release dated April 16, 2026, Beasley Broadcast Group revealed that it has extended the deadlines for 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. The new deadlines have been set for 5:00 P.M. New York City time on April 22, 2026, unless further extensions are made. Additionally, the Tender Offer Settlement Date and the Exchange Offer Settlement Date have both been postponed until April 24, 2026.

As of the Early First Lien Tender Date, Beasley Broadcast Group reported that 100% of its Existing First Lien Notes had been tendered. The Company accepted approximately $15.9 million in aggregate principal amount of these tenders as part of the Tender Offer, which was completed on March 30, 2026.

Furthermore, as of April 15, 2026, around 98% of the aggregate principal amount of the Existing Second Lien Notes had been validly tendered in the Exchange Offer, with consents provided for the proposed amendments to the Existing Second Lien Notes Indenture. This indicates robust participation from noteholders in the ongoing Offers.

Investors and existing noteholders are encouraged to refer to the Confidential Offer Memorandum Solicitation Statement dated March 20, 2026, along with its subsequent supplements dated April 1, April 9, and April 15, 2026, for comprehensive details on the terms and conditions of the Offers. These documents contain critical information regarding the Offers and the Consent Solicitations.

It is important to note that this press release is not an offer to purchase or a solicitation of an offer to purchase any Existing Notes or the new 10.000% Senior Secured Second Lien PIK Notes due 2027. The Offers are only being made to Eligible Holders who meet specific criteria outlined in the relevant documentation.

Beasley Broadcast Group operates a diverse portfolio of radio stations in key markets such as Augusta, GA, Boston, MA, Charlotte, NC, and Philadelphia, PA, among others. The Company specializes in providing integrated marketing solutions across audio, digital, and event platforms, catering to both local and national advertisers.

The extension of key dates for Beasley Broadcast Group’s tender and exchange offers highlights the Company’s proactive approach to managing its debt obligations and optimizing its financial structure. With substantial participation from noteholders in both the Tender Offer and Exchange Offer, Beasley Broadcast Group appears to be on a positive trajectory towards achieving its refinancing goals. As the new deadlines approach, market participants will be closely monitoring the developments surrounding the Offers.