Urban One D shares rise 15.62% intraday on debt restructuring securing 73% noteholder support.

Urban One D surged 15.62% intraday following a landmark debt restructuring that secured 73% noteholder support, unlocking $185M in refinancing. The plan, which exchanges 7.375% 2028 notes for 7.625% 2031 notes and extends maturities, addresses liquidity risks and reduces interest costs, recalibrating investor risk perceptions. The intraday rally, driven by immediate execution certainty and operational flexibility from covenant removal, aligns with technical indicators showing bullish momentum. This structural improvement, distinct from sector peers’ digital monetization themes, directly catalyzed the sharp price rebound.