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|8-KFeb 3, 6:01 AM ET

BEASLEY BROADCAST GROUP INC 8-K

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Beasley Broadcast Group Delays Note Interest Using 30-Day Grace Period

What Happened
On February 2, 2026, Beasley Mezzanine Holdings, LLC (a wholly owned subsidiary of Beasley Broadcast Group, Inc.) elected to use the 30‑day grace period for interest payments that were due on Sunday, February 1, 2026 (payable Monday, February 2, 2026). The election covers approximately $8.5 million due on the 9.200% senior secured second lien notes due 2028 (the "Exchange Notes") and approximately $1.7 million due on the 11.000% senior secured first lien notes due August 1, 2028 (the "New Notes"). The company said this election does not trigger an Event of Default under the indentures and the company retains the right to make the interest payments through the end of the grace period. Beasley also stated the decision does not affect its business operations or obligations to advertisers, employees, suppliers or other stakeholders.

Key Details

  • Election date: February 2, 2026, covering interest due February 1, 2026 (payable Feb 2, 2026).
  • Amounts: ~$8.5M on 9.200% senior secured second lien notes (due 2028) and ~ $1.7M on 11.000% senior secured first lien notes (due Aug 1, 2028) — total ~ $10.2M.
  • Contractual effect: Use of the 30‑day grace period does not constitute an Event of Default under the indentures; payment may still be made during the grace period.
  • Company actions: Actively engaged in discussions with stakeholders about potential debt restructuring; no agreement reached and no timing or outcome assurances.

Why It Matters
For investors, the filing signals near‑term liquidity management around the company’s outstanding debt. While the grace period election is allowed under the indentures and is not an Event of Default, it highlights that Beasley is negotiating potential restructuring alternatives and that its financing situation is being actively managed. Shareholders and bondholders should watch for subsequent filings or announcements for outcomes of restructuring talks, payment decisions before the grace period expires, and any other material developments affecting credit terms or capital structure.