Feb. 12 at 4:00 PM
$BBGI the proceeds from the
$18 million Florida station sale can directly facilitate the payment of the
$10.2 million interest debt currently in its grace period. Beasley Media Group officially completed the sale on February 11-12, 2026, providing a significant cash infusion just as its 30-day grace period for interest payments is set to expire in early March.
Financial Obligations and Timing
Interest Debt: On February 2, 2026, Beasley entered a grace period for
$10.2 million in interest payments originally due on February 1.
$8.5 million for 9.200% senior secured second lien notes.
$1.7 million for 11.000% senior secured first lien notes.
Sale Proceeds: The
$18 million in gross proceeds from the Fort Myers-Naples cluster sale was received in February 2026.
Company Intent: CEO Caroline Beasley and other executives have explicitly stated that net proceeds from such divestitures are prioritized for reducing debt and strengthening the balance sheet
$10
