Urban One completes $291M second lien note exchange, issues $60.6M first lien notes, amends ABL facility

URBAN ONE, INC.

Issued $291.02M of 7.625% second lien notes due 2031 in exchange for existing 7.375% notes; $60.6M of 10.5% first lien notes due 2030 issued for cash.
Tender offer for $185M of existing notes oversubscribed; 97.58% of outstanding existing notes validly tendered.
Amended ABL credit agreement provides $75M commitments with $25M incremental capacity, secured primarily by ABL priority collateral.
Supporting noteholders backstopped ~$56.2M of new first lien notes; CEO Alfred Liggins entered transaction letter agreement on compensation.
Supplemental indenture adopted to eliminate restrictive covenants and release liens on existing notes, effective upon settlement.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

URBAN ONE, INC. incurred senior notes of $60.6 million at 10.500% maturing due 2030.

Instrument: senior notes
Principal: $60.6 million
Rate: 10.500%
Maturity: due 2030
Event: incurrence

Exact text from the filing

On December 18, 2025, the Issuer issued $60.6 million aggregate principal amount of 10.500% First Lien Senior Secured Notes due 2030 (the “New First Lien Notes”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

URBAN ONE, INC. incurred senior notes of $291.02 million at 7.625% maturing due 2031.

Instrument: senior notes
Principal: $291.02 million
Rate: 7.625%
Maturity: due 2031
Event: incurrence

Exact text from the filing

On December 18, 2025, Urban One, Inc. (the “Issuer”), issued $291.02 million aggregate principal amount of the Issuer’s 7.625% Second Lien Senior Secured Notes due 2031 (the “2L Exchange Notes”).

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309 debt financings filed in the last 30 days. Browse all debt financings →

URBAN ONE, INC. filing history →

Source: SEC EDGAR

accession 0001041657-25-000070

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