Beasley Broadcast Group recently disclosed through a filing with the U.S. Securities and Exchange Commission that the company has successfully issued a total of $985 million in senior secured second lien payment-in-kind notes.
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The batch of notes carries an annual interest rate of 10.000% and is set to mature in 2027. These notes utilize a physical interest payment mechanism, offering investors a flexible way to receive returns. As a senior secured debt instrument with a second lien position, its repayment order occupies a specific tier within the company’s capital structure.
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