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Radio One extends exchange, consent deadline for 8 7/8%, 6 3/8% notes
By Devika Patel
Knoxville, Tenn., Aug. 31 - Radio One, Inc. said it again extended the exchange offer and consent solicitation for its 8 7/8% senior subordinated notes due 2011 and its 6 3/8% senior subordinated notes due 2013.
The offer will now end at 5 p.m. ET on Sept. 15 instead of on Aug. 30. It had been pushed back from Aug. 13, which originally was extended from July 31.
The company said it still has not satisfied the conditions needed to complete the exchange offer.
As of 5 p.m. ET on Aug. 30, investors had tendered 91.8% of the notes.
The company is offering new 11%/12% senior grid notes due 2017 in the exchange.
BNY Mellon Shareowner Services (800 777-3674 or 201 680-6579) is the exchange agent, information agent and subscription agent.
Radio One is a Washington, D.C.-based broadcasting company.
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