Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 35

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 35
---
Management, at this time, cannot reasonably determine the period when and if the non-controlling interest shareholders will exercise the remaining portion of the Put Right.

Contractual Obligations Schedule

The following table represents our scheduled contractual obligations as of September 30, 2025: 

Payments Due by PeriodContractual Obligations Remainder of 2025 2026 2027 2028 20292030 and Beyond Total2028 Notes(a)$—$35,978$35,978$505,825$—$—$577,781Other operating contracts/agreements(b)25,70135,34912,3876,8857255481,101Operating lease obligations2,6479,6038,6928,4128,40226,90264,658Total$28,348$80,930$57,057$521,122$9,127$26,956$723,540

(a ) Includes interest obligations based on interest rates on senior secured notes outstanding as of September 30, 2025.

(b) Includes employment contracts (including the Employment Agreement Award), severance obligations, on-air talent contracts, consulting agreements, equipment rental agreements, programming related agreements, launch liability payments, asset-backed credit facility (if applicable) and other general operating agreements. Also includes contracts that our Cable Television segment has entered into to acquire entertainment programming rights and programs from distributors and producers. These contracts relate to their content assets as well as prepaid programming related agreements.

Of the total amount of other operating contracts and agreements included in the table above, approximately $49.4 million has not been recorded on the unaudited condensed consolidated balance sheet as of September 30, 2025, as it does not meet recognition criteria. Approximately $14.5 million relates to certain commitments for content agreements for our Cable Television segment, approximately $15.2 million relates to employment agreements, and the remainder relates to other agreements. 

Off-Balance Sheet Arrangements

The Current ABL Facility provides for up to $50.0 million revolving loan borrowings in order to provide for the working capital needs and general corporate requirements of the Company. The Current ABL Facility also provides for a letter of credit facility up to $5.0 million as a part of the overall $50.0 million in capacity. As of September 30, 2025 and December 31, 2024, there was no balance outstanding on the Current ABL Facility.

Item 3.