debt
confidence high
sentiment neutral
materiality 0.90
Urban One Announces Early Results of Debt Exchange and Tender Offers
URBAN ONE, INC.
- As of Dec 1, 2025, eligible holders tendered approximately $450M (92.2%) of 7.375% Senior Secured Notes due 2028.
- Tender Offer for up to $185M of Existing Notes at $600 per $1,000 principal, oversubscribed subject to proration.
- Supporting Noteholders backstop full $60.6M Subscription Offer for 10.500% First Lien Notes due 2030.
- Consent solicitation received requisite consents to amend restrictive covenants and release liens on collateral.
- Offers and consent solicitation expire Dec 15, 2025; withdrawal rights expired.