Urban One obtains sixth waiver on ABL facility; deadlines set for delayed 10-K and Q1 10-Q

URBAN ONE, INC.

Entered sixth waiver and amendment to Current ABL Facility (Feb 19, 2021) with Bank of America.
Waives events of default from failure to timely deliver 2023 Form 10-K and Q1 2024 Form 10-Q.
Delayed reports now due by May 31, 2024.

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 Sixth Waiver and Amendment with Bank of America, N.A., as administrative agent (effective 2024-04-12).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Effective: 2024-04-12

Exact text from the filing

On April 12, 2024, Urban One, Inc. (the “Company”) entered into a sixth waiver and amendment (the “Sixth 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 0001558370-24-005319

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