Beasley Broadcast Group’s $300 Million High?Yield Senior Secured Notes Offering

Cravath represented the initial purchasers in the transaction.

Beasley Mezzanine Holdings, LLC., a wholly owned subsidiary of Beasley Broadcast Group, Inc., executed the $300 million 144A/Reg. S high-yield senior secured notes offering. 

The initial purchasers included Goldman Sachs & Co. LLC and BofA Securities.

Beasley Broadcast Group is a multi-platform media company whose primary business is operating radio stations throughout the United States. The transaction closed on February 2, 2021.

The Cravath team advising the initial purchasers included partners Craig F. Arcella (Picture) and Sasha Rosenthal-Larrea and associates Matthew L. Ploszek, Patrick S. Taylor, Darien Pun and Benjamin J. Barocas on capital markets matters, and partner Christopher K. Fargo and associate Luis Calderon-Gomez on tax matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Benjamin Barocas – Cravath Swaine & Moore; Luis Calderon Gomez – Cravath Swaine & Moore; Darien Pun – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Matthew Ploszek – Cravath Swaine & Moore; Sasha Rosenthal-Larrea – Cravath Swaine & Moore; Patrick Taylor – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; Goldman Sachs & Co.;

Author: Martina Bellini