BEASLEY BROADCAST A

Beasley reported total net revenue of $41.3 million for Q1 2026, a 13% decline year‑over‑year (like‑for‑like stations -6.7%). Digital revenue rose 18% and now represents 25.6% of total revenue, while station operating income fell to $418,000 and adjusted EBITDA was negative $375,000 (vs. +$1.1 million). Liquidity stood at $16.4 million, total debt was reduced to $218 million after disposals; the stock rose 7.67% in premarket trading. Management emphasizes a strategic shift toward digital and performance‑based sales models with the goal of increasing the digital share to at least 35%. » Mere på de.investing.com

Beasley Broadcast completed an exchange and buyback of secured priority debt. Holders of 9.20% Senior Secured Second Lien Notes (maturing 2028, principal amount ~$184.1 million) exchanged into PIK notes maturing 2027 with an aggregate principal of $98.5 million. The company also completed the repurchase of First Lien Notes (11.00%, maturing 2028, principal $15.9 million) at 100% of par plus accrued interest; $15.0 million of First Lien Notes remain outstanding. The restructuring comes against total debt of $270.69 million and a market capitalization of $37.93 million; Guggenheim Securities and Latham & Watkins advised the company. » Mere på de.investing.com

Beasley Broadcast said it has extended several deadlines for its ongoing debt restructuring through subsidiary Beasley Mezzanine Holdings; the new deadline for offers and consents is April 28 at 5:00 p.m. New York time, with settlement on April 30. The restructuring involves 11.000% senior secured first lien notes (2028) and 9.200% senior secured second lien notes (2028); as part of the exchange, new 10.000% PIK second lien notes (2027) are being offered. As of the record date, 100% of the first-lien notes had been tendered and about 99% of the second-lien notes had been validly tendered for the exchange offer; the company reports total debt of USD 270.69 million (88% of capital), annual revenue of USD 205.94 million and a net loss of USD 196.55 million. » Mere på de.investing.com