Beasley Subsidiary Increases Stock Buyback Limit

Ups Buyback Limit

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.

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