Urban One reports strong early uptake in debt‑note swap and tender offers

Urban One, Inc. (NASDAQ: UONEK / UONE) said on December 1, 2025 that holders of its 7.375% Senior Secured Notes due 2028 have responded overwhelmingly to the company’s debt‑exchange and consent solicitation plan. As of 5:00 PM New York time — the “Early Tender Date” — roughly US$450 million of the existing notes — about 92.2% of the total — had been validly tendered and consented by eligible holders. The Offers include: (a) an “Exchange Offer”, letting holders swap old notes for newly issued 7.625% Second Lien Senior Secured Notes due 2031 plus cash; (b) a “Tender Offer” to buy up to US$185 million of the old notes for cash (up to US$111 million); and (c) a “Subscription Offer” giving eligible holders the right to buy up to US$60.6 million of new 10.500% First Lien Senior Secured Notes due 2030. Because more than US$185 million of existing notes were submitted, the Tender Offer is oversubscribed — meaning accepted tenders will be subject to proration. Additionally, holders representing the requisite majority consented to proposed amendments to the indenture governing the existing notes. The amendments would eliminate substantially all restrictive covenants and default provisions, remove requirements for future guarantees or collateral, and release existing guarantees and liens — subject, however, to completion of the Exchange and Tender Offers. The Offers and consent solicitation are scheduled to expire at 5:00 PM New York time on December 15, 2025 — unless extended or earlier terminated. #UrbanOne #DebtRefinancing #BondExchange #FinanceNews #SlimScan #GrowthStocks #CANSLIM