Urban One, Inc. Announces Redemption of Its Outstanding 9.25% Senior Subordinated Notes Due 2020
January 17, 2019 at 09:33 pm
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Urban One, Inc. announced that it had given the required notice under the governing indenture to redeem for cash all $2,037,000.00 aggregate principal of its 9.25% Senior Subordinated Notes due 2020 (the Notes) to the extent outstanding on February 15, 2019 (the Redemption Date). The redemption price for the Notes will be 100.0% of the principal amount of the Notes, plus accrued and unpaid interest to the Redemption Date.
Urban One, Inc. is an urban-oriented, multi-media company. The Companyâs core business is its radio broadcasting franchise, which is a radio broadcasting operation that primarily targets African-American and urban listeners. The Company operates through four segments: radio broadcasting, Reach Media, digital and cable television. The radio broadcasting segment consists of all broadcast results of operations. The Reach Media segment consists of the results of operations for the related activities and operations of the Companyâs syndicated shows. The digital segment includes the results of the Companyâs online business, including the operations of Interactive One, as well as the digital components of the Companyâs other reportable segments. The cable television segment includes the results of the operations of TV One and CLEO TV. The Company owns and/or operates over 72 independently formatted broadcast stations, located in 13 of the African-American markets in the United States.
URBAN ONE, INC. 
