Beasley Media Invokes Grace Period On $10.2M Debt Payment

Beasley Goes With Grace Period On Debt Payment

Radio station owner Beasley Media Group has chosen to initiate a 30-day grace period for interest payments totaling approximately $10.2 million that it originally needed to repay by Sunday, February 1. It’s the latest development in the company’s ongoing efforts to manage its debt following a 2024 refinancing. Specifically, Beasley’s Mezzanine Holdings subsidiary is delaying payments under two note agreements: the company led by CEO Caroline Bea…

Beasley Media Invokes Grace Period On $10.2M Debt Payment

Beasley Media Group has elected to use a 30-day grace period for interest payments totaling approximately $10.2 million that were due February 1, marking the latest development in the company's ongoing efforts to manage debt after its 2024 refinancing.