Urban One Launches Exchange and Tender Offers for Senior Secured Notes

Reuters
2025/12/02
<a href="https://laohu8.com/S/UONE">Urban One</a> Launches Exchange and Tender Offers for Senior Secured Notes

Urban One Inc. announced early results for a series of debt transactions involving its outstanding 7.375% Senior Secured Notes due 2028. The company has launched an exchange offer allowing eligible holders to swap these notes for newly issued 7.625% Second Lien Senior Secured Notes due 2031 and cash. Additionally, Urban One is conducting a tender offer to purchase up to $185 million in principal amount of the existing notes for up to $111 million in cash, and a subscription offer for up to $60.6 million in new first lien notes. The company also received the required consents from noteholders to amend the indenture governing the existing notes, removing certain restrictive covenants and default provisions. Completion of the transactions is subject to several conditions, including refinancing of existing credit facilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urban One Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH36856) on December 02, 2025, and is solely responsible for the information contained therein.

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