Urban One issues call for $2.04 million 9¼% notes at par after tender

By Susanna Moon

Chicago, Jan. 17 – Urban One, Inc. said it issued a redemption notice for its $2,037,000 of outstanding 9¼% senior subordinated notes due 2020.

The notes will be called on Feb. 15 at par plus accrued interest up to the redemption date, according to a company announcement.

As reported, the company took in tenders for $213,255,000 of the notes in the offer that ended at 11:59 p.m. ET on Jan. 3.

Holders received $1,010 per $1,000 in principal amount of notes.

Urban One, formerly known as Radio One, Inc., is a Washington, D.C.-based urban-oriented multimedia company.

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