Beasley Subsidiary Increases Stock Buyback Limit
November 11, 2013 at 4:24 AM (PT)
BEASLEY BROADCAST GROUP's BEASLEY MEZZANINE HOLDINGS, LLC has amended its credit agreement with G.E. CAPITAL CORP. allowing the company to repurchase additional shares of its common stock up to $2 million per year, as long as the company does not default on the credit line.
The amendment, included in an SEC filing on FRIDAY (11/8), increases the buyback amount from $500,000 per year.