Beasley Broadcast (NASDAQ: BBGI) defers $10.2M note interest, starts debt talks

Rhea-AI Filing Summary

Beasley Broadcast Group, Inc. disclosed that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC, has elected to use a 30-day grace period instead of making scheduled interest payments due on February 1, 2026. The deferred payments total approximately $8.5 million on 9.200% senior secured second lien notes due 2028 and approximately $1.7 million on 11.000% senior secured first lien notes due August 1, 2028.

The company states this election is permitted under the note indentures and does not currently constitute an Event of Default, and that its business operations and obligations to advertisers, employees, suppliers, and other stakeholders are not impacted. Beasley is in active discussions with various stakeholders about potential alternatives to restructure its outstanding debt and improve financial flexibility, but no agreement has been reached and the timing and outcome remain uncertain.

Positive

• None.

Negative

• Use of grace period on interest payments signals financial stress – A wholly owned subsidiary elected a 30-day grace period on about $8.5 million of 9.200% senior secured second lien note interest and about $1.7 million of 11.000% senior secured first lien note interest instead of paying on the due date.
• Ongoing but uncertain debt restructuring discussions – The company is actively discussing potential alternatives to restructure outstanding indebtedness and improve financial flexibility, but it reports that no agreement has been reached and gives no assurances on timing or outcome.

Insights

Credit & restructuring analyst

Beasley is delaying interest payments and entering active debt restructuring talks.

Beasley Broadcast Group chose to use a 30-day grace period on interest payments of about $8.5 million under 9.200% senior secured second lien notes due 2028 and about $1.7 million under 11.000% senior secured first lien notes due August 1, 2028. This signals near-term liquidity pressure even though the move is allowed by the indentures.

The company emphasizes that this step does not yet trigger an Event of Default and does not affect operations or obligations to advertisers, employees, or suppliers. However, it also confirms it is in active discussions with stakeholders about alternatives for restructuring its outstanding indebtedness and strengthening financial flexibility, underscoring balance sheet stress.

No restructuring agreement has been reached and the company notes that the timing and outcome of the process cannot be assured. The eventual impact will depend on any agreed debt terms and how the company manages upcoming interest and principal obligations disclosed for these notes in future communications.

BEASLEY BROADCAST GROUP INC NASDAQ DE false 0001099160 0001099160 2026-02-02 2026-02-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 2, 2026

BEASLEY BROADCAST GROUP, INC.

(Exact name of registrant as specified in its charter)

DELAWARE		000-29253		65-0960915
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3033 Riviera Drive, Suite 200, Naples, Florida 34103

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (239) 263-5000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share		BBGI		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On February 2, 2026, Beasley Mezzanine Holdings, LLC (“Beasley Mezzanine”), a wholly owned subsidiary of Beasley Broadcast Group, Inc. (the “Company”), elected to utilize the 30-day grace period for the interest payments due on Sunday, February 1, 2026 (and payable on Monday, February 2, 2026, the next succeeding business day) (i) in the amount of approximately $8.5 million under the 9.200% senior secured second lien notes due 2028 (the “Exchange Notes”) pursuant to the terms of the indenture governing the Exchange Notes and (ii) in the amount of approximately $1.7 million under the 11.000% senior secured first lien notes due August 1, 2028 (the “New Notes” and, together with the Exchange Notes, the “Notes”) pursuant to the terms of the indenture governing the New Notes.

The decision to utilize the grace period will not trigger an Event of Default under the indentures governing the Notes and the Company retains the right to make the interest payment to the holders of the Notes through the end of the grace period.

The decision to utilize the grace period does not impact any of the Company’s business operations or obligations to advertisers, employees, suppliers or other stakeholders.

The Company is actively engaged in discussions with various stakeholders with respect to a number of potential alternatives regarding a restructuring of the Company’s outstanding indebtedness and strengthening its overall financial flexibility. At this time, no agreement has been reached regarding the Company’s indebtedness and no assurances can be given as to the timing or outcome of this process.

The information set forth in this Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				BEASLEY BROADCAST GROUP, INC.
Date: February 2, 2026				By:		/s/ Chris Ornelas
				Chris Ornelas
				General Counsel and Secretary

3

FAQ

What did Beasley Broadcast Group (BBGI) announce about its interest payments?

Beasley disclosed that its subsidiary Beasley Mezzanine Holdings, LLC elected to use a 30-day grace period on scheduled interest payments due February 1, 2026, rather than paying on the due date, as permitted under the indentures governing its outstanding notes.

How much interest is Beasley Broadcast Group deferring under its notes?

The subsidiary deferred about $8.5 million of interest on 9.200% senior secured second lien notes due 2028 and about $1.7 million of interest on 11.000% senior secured first lien notes due August 1, 2028, by electing to use the contractual 30-day grace period.

Does Beasley Broadcast Group’s grace period election trigger an event of default?

No. The company states that using the 30-day grace period for the interest payments does not trigger an Event of Default under the indentures governing the notes, and it retains the right to make the payments through the end of the grace period.

Are Beasley Broadcast Group’s operations affected by the deferred interest payments?

The company reports that electing the grace period for its note interest payments does not impact its business operations or its obligations to advertisers, employees, suppliers, or other stakeholders, indicating that day-to-day activities are continuing as normal despite the deferral.

Is Beasley Broadcast Group pursuing a debt restructuring?

Yes. Beasley states it is actively engaged in discussions with various stakeholders regarding potential alternatives to restructure its outstanding indebtedness and strengthen financial flexibility, but no agreement has been reached and there are no assurances on the timing or outcome of this process.

Which Beasley Broadcast Group entity holds the notes related to the grace period?

The notes are held by Beasley Mezzanine Holdings, LLC, a wholly owned subsidiary of Beasley Broadcast Group, Inc. This subsidiary elected to use the 30-day grace period on interest due on its 9.200% senior secured second lien notes and 11.000% senior secured first lien notes.