Radio One Files Shelf Registration For $100 Million Of Class D Stock
May 30, 2014 at 3:59 AM (PT)
RADIO ONE has issued a prospectus for the shelf registration of $100 million of Class D Common Stock. The filing, made THURSDAY with the SEC, gives the company the ability to sell the stock "from time to time;" no Class A common stock is included in the registration.
Proceeds from any sales of stock will be used for providing working capital, funding capital expenditures, acquisitions or other investments in the business, or repaying debt.