Urban One Inc. has announced the expiration and final results of its recently launched debt transaction, which included an exchange offer, a tender offer, and a subscription offer. The company offered to exchange its outstanding 7.375% Senior Secured Notes due 2028 for newly issued 7.625% Second Lien Senior Secured Notes due 2031 and cash, purchase up to $185 million of the existing notes for up to $111 million in cash, and allow eligible holders to subscribe for up to $60.6 million in newly issued 10.500% First Lien Senior Secured Notes due 2030. The transaction also involved proposed amendments to the existing notes' indenture, including eliminating most restrictive covenants and security requirements, which will become operative upon completion of the settlement. The offers were only made to qualified institutional buyers and certain non-U.S. persons.