Urban One obtains fourth waiver and amendment to ABL facility, extends deadlines for late Q1/Q2 10-Qs

URBAN ONE, INC.

Waives events of default for failure to timely deliver Q1 2023 and Q2 2023 Form 10-Qs.
New due date for Q1 2023 Form 10-Q set to November 9, 2023.
New due date for Q2 2023 Form 10-Q set to November 14, 2023.
Amendment involves Bank of America as administrative agent and existing lenders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

URBAN ONE, INC. amended Fourth Waiver and Amendment with Bank of America, N.A., as administrative agent and the lenders party thereto (effective 2023-09-29).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent and the lenders party thereto
Effective: 2023-09-29

Exact text from the filing

On September 29, 2023, Urban One, Inc. (the “Company”) entered into a fourth waiver and amendment (the “Fourth Waiver and Amendment”) to the Current ABL Facility, dated as of February 19, 2021 (as amended by the Waiver and Amendment, the “Amended Current ABL Facility”), with the Company, the Company’s subsidiaries guarantors, Bank of America, N.A., as administrative agent (the “Administrative Agent”) and the lenders party thereto.

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URBAN ONE, INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-016260

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