Urban One Offers Early Tender Exchange

Exchange Offer

On OCTOBER 19, 2020, URBAN ONE offered an early tender results of its previously announced offer to exchange, "any and all its outstanding 7.375% Senior Secured Notes due 2022 for new 8.75% Senior Secured Notes due 2022.

Based on the early tenders as of 5p (ET) on OCTOBER 16th, eligible holders had validly tendered and not validly withdrawn $347.0 million aggregate principal amount, representing 99.15% of the outstanding principal amount, of the Existing Notes in the Exchange Offer and Consent Solicitation.

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