Urban One Announces Expiration and Final Results of Offers and Consent Solicitation

Urban One Inc. announced the expiration and final results of its previously announced offers, including the exchange of 7.375% senior secured notes due 2028 for 7.625% second lien senior secured notes due 2031, and the purchase of up to $185 million in aggregate principal amount of existing notes. The company received valid tenders and related consents representing approximately $476.02 million in aggregate principal amount of existing notes, or 97.58% of the outstanding amount. The exchange offer and tender offer were oversubscribed, and existing notes accepted in the tender offer will be subject to proration.