New York, September 09, 2016 -- Moody's Investors Service ("Moody's") assigned a B2 corporate family rating ("CFR") to Beasley Mezzanine Holdings, LLC and a B3-PD Probability of Default Rating. Moody's also assigned a B1 rating to the $20 million Senior Secured Revolving Credit facility and to the $265 million Senior Secured Term Loan. The proceeds from the transaction, together with balance sheet cash and an issuance of common stock by Beasley totaling approximately $300 million will be used towards the purchase of Greater Media, Inc.'s radio broadcasting assets, refinance debt at both entities and pay transaction fees and expenses. Moody's also assigned a SGL-2 Speculative Liquidity Rating. The outlook is stable.

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