Latham & Watkins Advises on Beasley Broadcast Group, Inc.’s Exchange Offer

Beasley Broadcast Group, Inc. (Nasdaq: BBGI), a multi-platform media company, has announced the settlement of its previously announced exchange of the Company’s existing 8.625% Senior Secured Notes due 2026, cash offer to purchase up to US$68.0 million of Existing Notes at a purchase price of 62.5% and new notes offer of US$30.9 million aggregate principal amount of 11.000% Superpriority Senior Secured Notes due 2028.

Latham & Watkins LLP represented Beasley Broadcast Group, Inc. in the exchange offer with a team led by corporate partners Patrick Shannon and Samuel Rettew, with associates Jack Anderson, Brooke Padgett, Jeff Serfass, and Carol Bale. Advice was also provided on public company representation matters by partner Brian Miller and counsel Jonathan Drory, with associate Grace Tang; on banking matters by partner Pamela Kellet, with associate Brian Flynn; and on tax matters by partner Aaron Bernstein, with associate Shiyi Parsons.