Urban One Launches Exchange and Tender Offers for Senior Secured Notes
Reuters
Dec 02, 2025
Urban One 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.
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