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URBAN ONE, INC. ANNOUNCES EARLY RESULTS OF OFFERS AND CONSENT SOLICITATION
Urban One, Inc. (NASDAQ: UONEK and UONE) (the "Company") today announced the early results of the previously announced offers: (a) to exchange (the "Exchange Offer") any and all of the Company's outstanding 7.375% Senior Secured Notes due 2028 (the "Existing Notes") held by Eligible Holders (as defined below) for newly issued 7.625% Second Lien Senior Secured Notes due 2031 (the "Exchange Notes"), to be issued by the Company, and cash, (b) to purchase (the "Tender Offer") up to $185.0 million in
About this update from Urban One, Inc.
[{"type":"text","content":"SILVER SPRING, Md., Dec. 1, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) (the "Company") today announced the early results of the previously announced offers: (a) to exchange (the "Exchange Offer") any and all of the Company's outstanding 7.375% Senior Secured Notes due 2028 (the "Existing Notes") held by Eligible Holders (as defined below) for newly issued 7.625% Second Lien Senior Secured Notes due 2031 (the "Exchange Notes"), to be issued by the Company, and cash, (b) to purchase (the "Tender Offer") up to $185.0 million in aggregate principal amount of the Existing Notes for up to $111.0 million in cash and (c) the right to subscribe to purchase (the "Subscription Offer" and, together with the Exchange Offer and the Tender Offer, collectively, the "Offers") up to $60.6 million in aggregate principal amount of newly issued 10.500% First Lien Senior Secured Notes due 2030 (the "New First Lien Notes" and, together with the Exchange Notes, the "New Notes").","length":1097,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Urban One, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Urban One, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/fa438b8335b763ee10fdaa573bad39ec"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nhi1JLDn2jOo6.CyFaBu.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fa438b8335b763ee10fdaa573bad39ec","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/509218/Urban_One_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As of 5:00 P.M., New York City time, on December 1, 2025 (the "Early Tender Date"), the Company received from Eligible Holders valid and unwithdrawn tenders and related Consents (as defined below), as reported by D.F. King & Co., Inc. (the "Exchange Agent"), representing approximately $450.0 million in aggregate principal amount of Existing Notes, or approximately 92.2% of the aggregate principal amount of Existing Notes outstanding.","length":461,"tagName":"p"},{"type":"text","content":"Eligible Holders electing to participate in: (a) only the Exchan...