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Beasley Broadcast Group Extends Tender Offer Deadlines

In a strategic move to accommodate its stakeholders, Beasley Broadcast Group, Inc. (Nasdaq: BBGI) today announced significant extensions regarding their previously stated bond offers. The extension involves pivotal dates related to the Early Second Lien Tender, Exchange Offer Withdrawal, Tender Offer Expiration, and others pertinent to the Consent Solicitation concerning the company's 11.000% Senior Secured First Lien Notes and 9.200% Senior Secured Second Lien Notes.

As of now, the new deadline for the Early Second Lien Tender Date has been set to April 22, 2026, at 5:00 PM EDT, allowing existing noteholders additional time to participate. This also applies to the bid for the Establishment of Consent for the amendments in the mechanism governing both the First Lien and Second Lien Notes. Previously, these offers were expected to conclude sooner, but this initiative by Beasley aims to enhance participation by extending these durations.

The company’s wholly-owned subsidiary, Beasley Mezzanine Holdings, LLC, has reportedly received commendable participation rates. To date, 100% of the Existing First Lien Notes have been tendered, culminating in the acceptance of $15,899,000 in aggregate principal amount in accordance with the earlier tender conditions. Meanwhile, approximately 98% of the aggregate principal amount of the Second Lien Notes have already been validly tendered in the Exchange Offer and provided necessary consents to the proposed amendments.

Moreover, the deadlines for the Tender Offer Settlement Date and the Exchange Offer Settlement Date have also been extended to April 24, 2026, unless further modifications are enacted in response to market conditions or stakeholder feedback. This extension is designed to provide adequate time for existing noteholders to evaluate their options and make informed decisions.

The terms and conditions governing these offers are meticulously outlined in the Confidential Offer Memorandum, first dated March 20, 2026. It is important for stakeholders to peruse this document and its subsequent supplements to fully understand the implications of the offers. Beasley Broadcast Group encourages all existing noteholders to read through these documents as they contain crucial information and instructions regarding the Offer and Solicitation processes.

Beasley maintains its stance that this announcement does not constitute a solicitation for the purchase or recommendation regarding the company’s financial instruments. Essentially, the offers are being made purely in compliance with existing securities regulations, emphasizing that participation is strictly for those qualifying under specific categories defined in the memorandum.

In addition to these changes pertaining to bond offers, the company underscores the need for transparency and compliance with securities laws governing the marketplace. To ensure clarity, the announcements will be communicated and available for inquiries through D.F. King & Co., Inc., the designated exchange agent and information agent for the Offers. Their contact details remain open for requests for clarification, allowing noteholders to stay informed throughout this process.

The announcements serve as part of Beasley Broadcast Group's ongoing restructuring and realignment efforts designed to enhance the company’s competitive stance in the media market. With a focus on radio broadcasting and a strategic expansion plan, Beasley aims to optimize its offerings and shareholder engagement moving forward.

In conclusion, Beasley Broadcast Group remains committed to keeping its stakeholders informed about key financial decisions and deadlines, providing regular updates to ensure a transparent and streamlined experience.

About Beasley Broadcast Group

Beasley Broadcast Group operates multiple platforms offering media services across the United States. Through its network of radio stations in key markets, the company engages a wide array of advertisers seeking integrated marketing solutions across audio and digital spaces. With a major focus on expanding its footprint, Beasley aims to remain a significant player within the evolving media landscape.