US EditionURBAN ONE, INC. ANNOUNCES OFFERS AND CONSENT SOLICITATION - Urban One (NASDAQ:UONE), Urban One (NASDAQ:UONEK)
Urban One seeks to restructure debt by exchanging $487.8 million of notes for new ones due 2031 and offering $60.6 million in new senior secured notes, with 73% noteholder support.
- On November 14, 2025, Urban One, Inc. commenced an Exchange Offer to swap outstanding 7.375% Senior Secured Notes due 2028 for 7.625% Senior Secured Notes due 2031 and cash, packaging it with a Tender Offer, Subscription Offer, and Consent Solicitation.
- The Offers aim to obtain Consents to Proposed Amendments that would eliminate substantially all restrictive covenants and modify provisions, while the Company secured a Transaction Support Agreement with Supporting Noteholders holding approximately 73% of the Existing Notes Indenture.
- To participate, Eligible Holders must tender Existing Notes and deliver Consents by the Early Tender Date, Withdrawal Deadline, and Funding Deadline via DTC's ATOP, with proration above the $185.0 million Tender Cap and $600 Tender Consideration per $1,000.
- Acceptance and issuance hinge on conditions in the Offering Memorandum dated November 14, 2025, including a 98% minimum valid tender condition and the Company's discretion to amend, extend, terminate or withdraw Offers.
- The release underscores forward‑looking risks, noting the New Notes are unregistered and limited to Eligible Holders, who are urged to review the Offering Memorandum and risk factors, with Urban One owning TV One, serving more than 35 million households.
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URBAN ONE, INC. ANNOUNCES OFFERS AND CONSENT SOLICITATION
SILVER SPRING, Md., Nov. 14, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) (the "Company") today announced that it has commenced an offer to exchange (the "Exchange Offer") any and all of the Company's outstanding 7.375% Senior Secured…
URBAN ONE, INC. ANNOUNCES OFFERS AND CONSENT SOLICITATION - Urban One (NASDAQ:UONE), Urban One (NASDAQ:UONEK)
SILVER SPRING, Md., Nov. 14, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ:UONEK) (the "Company") today announced that it has commenced an offer to exchange (the "Exchange Offer") any and all of the
A New Debt For Old Debt Move For Urban One
It has a loan repayment date coming in under three years. But, there’s an opportunity to delay the full repayment of the funds borrowed for an additional three years — at a slightly higher interest rate. It’s a scenario that’s been commonly seen among various publicly traded media companies in recent years. Now the media entity founded by Cathy Hughes and run today by her son is moving ahead with a debt swap. Please Login to view this premium co…
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