Urban One launches debt exchange/tender/subscription offers backed by 73% noteholder group

URBAN ONE, INC.

Offers to exchange any and all 7.375% senior secured notes due 2028 for new 7.625% notes due 2031 plus cash; tender up to $185M principal for $111M cash.
Subscription offer for up to $60.6M of 10.500% first lien senior secured notes due 2030; requires early tender and cash payment.
Consent solicitation seeks to eliminate substantially all restrictive covenants and release liens; condition requires 98% of existing notes tendered.
Supporting noteholders holding ~73% of outstanding notes agreed to tender, deliver consents, and backstop the subscription offer; backstop premium of 3.0%.
Offers expire Dec 15, 2025; early tender date Dec 1; withdrawal deadline Dec 1.

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