Brigade Private Credit Provides Financing to Beasley

Brigade is pleased to announce BPC's investment in Beasley Mezzanine Holdings, LLC (the "Company"), a direct, wholly owned subsidiary of Beasley Broadcast Group, Inc. for 11.00% Senior Secured First Lien Notes due 2028 (the "New Notes"), which were issued on October 8, 2024. Proceeds from the New Notes were used to fund a portion of a cash offer to purchase up to $68.0MM of the Company's existing 8.625% Senior Secured Notes due 2026.

Beasley Broadcast Group, Inc., headquartered in Naples, FL, is a multi-platform media company whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. Approximately 20 million consumers listen to the Company's radio stations weekly over-the-air, online and on smartphones and tablets.

Brigade Capital Management
Brigade Capital Management, LP ("Brigade") is a global asset management firm founded in 2006 with over $27 billion in assets under management. Brigade invests in public and private credit instruments using a bottoms-up investment philosophy across a variety of diversified funds. As an SEC registered investment advisor, Brigade is a leading independent alternative asset manager with a 48-person investment team. Founded by Donald E. Morgan III, CIO and Managing Partner, the firm is headquartered in New York with a global footprint that includes an office in London.

Brigade Private Credit
Brigade Private Credit ("BPC"), a strategy of Brigade Capital Management, LP, is the firm's dedicated private debt team, providing bespoke financing solutions to middle-market companies across a broad range of industries. BPC provides senior term loans, asset-based loans, first-in-last-out, second lien/mezz term loans, and minority equity capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings, and leveraged recapitalizations.