Beasley Subsidiary Refinances With New Credit Facility

New Credit Facility

BEASLEY BROADCAST GROUP, INC. subsidiary BEASLEY MEZZANINE HOLDINGS, LLC has replaced its old credit facility with a new one from U.S. BANK.

In an SEC filing, BEASLEY reported that the new facility, mostly being used to pay off the old one, includes a $91 million term loan and $20 million maximum revolving credit facility, including a $5 million sub-limit for letters of credit.

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