Urban One Inc. has announced the completion of a series of debt transactions, including an exchange offer, tender offer, and 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, and to purchase up to $185 million in principal amount of the existing notes for up to $111 million in cash. Additionally, eligible holders were given the right to subscribe for up to $60.6 million of newly issued 10.500% First Lien Senior Secured Notes due 2030. The company also received the necessary consents to amend the indenture governing the existing notes, eliminating most restrictive covenants, certain default provisions, and releasing collateral and guarantees, with these changes becoming effective upon settlement of the transactions. The offers were only available to qualified institutional buyers and certain non-U.S. persons.