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Radio One Moves To Increase Leverage Ratio
April 27, 2006 at 1:37 PM (PT)
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RADIO ONE has gotten its banks to allow it to amend covenants in its existing $800 million senior credit facility to increase the total leverage ratio for second quarter through the end of fiscal year 2007 and reduce the interest coverage ratio for 2006 through first quarter 2008. The moves give the company more financial flexibility but increase its potential risks.

