Radio One seeks amendments on notes due 2020

Radio One, Inc. (NASDAQ: ROIAK)(NASDAQ: ROIA) said it has commenced a consent solicitation to seek the consent of holders of its outstanding 9.25 percent senior subordinated notes due 2020 to certain proposed amendments to the indenture governing the notes.

Credit Suisse Securities (USA) LLC will act as solicitation agent for the Consent Solicitation. D.F. King & Co., Inc. will act as the tabulation agent and information agent for the Consent Solicitation.

The company said it wants to incur a sufficient amount of senior secured indebtedness to finance the company´s previously announced purchase of equity interests in TV One, LLC from an affiliate of Comcast Corporation, refinance USD119 million in principal amount of TV One´s 10 percent senior secured notes due 2016, and refinance the company´s existing senior secured credit facility.

The solicitation will expire at 5:00 p.m., New York City time, on March 26, 2015, unless extended or terminated earlier.

Radio One, Inc., together with its subsidiaries, is a diversified media company that primarily targets African-American and urban consumers. The company is one of the nation´s largest radio broadcasting companies, currently owning and/or operating 54 broadcast stations located in 16 urban markets in the United States.