Radio One Announces New Senior Credit Facility
April 1, 2011 at 4:27 AM (PT)
RADIO ONE has closed upon a new senior secured credit facility comprised of a $25 million "super-priority" revolving credit facility and a $386 million term loan. The applicable margin on the New Senior Credit Facility is between 4.5% and 5.5% on the revolving portion of the facility and 5% and 6% on the term portion of the facility.
The revolving portion of the credit facility matures on MARCH 31, 2015 and the term portion of the credit facility matures on MARCH 31, 2016.