Beasley to repay senior credit facilities with proceeds from new issue

By Cady Vishniac

Detroit, Jan. 19 – Beasley Broadcast Group Inc. plans to repay its senior secured credit facilities in full using the net proceeds from its new issue of $280 million of senior secured notes, according to a press release.

Remaining proceeds will be used to pay off other debt, add to the company’s balance sheet and will be used for general corporate purposes.

Beasley is a Naples, Fla.-based large- and mid-size market radio broadcaster.

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