Company: UONE
Filing Date: 2025-11-14
Form Type: 8-K
Source: 0001041657-25-000061
Chunk: 0

Company: URBAN ONE, INC.
Filing Date: 2025-11-14
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01. Entry into a Material Definitive Agreement.

On November 14, 2025, Urban One, Inc. (the “ Company”), entered into a Transaction Support Agreement (the “ Transaction Support Agreement”) with certain holders (the “ Supporting Noteholders” and each, a “ Supporting Noteholder”) of the Company’s 7.375% senior secured notes due 2028 (the “ Existing Notes”) that collectively hold approximately 73% of the outstanding principal amount of Existing Notes as of November 13, 2025.

The Transaction Support Agreement relates to (a) the Company’s offers to each holder of its Existing Notes: (i) to exchange any and all of its outstanding Existing Notes for newly issued 7.625% second lien senior secured notes due 2031 (the “ Exchange Notes”) and cash (the “ Exchange Offer”), (ii) to purchase up to $185.0 million in aggregate principal amount of the Existing Notes for up to $111.0 million in cash (the “ Tender Offer”) and (iii) the right to subscribe to purchase up to $60.6 million aggregate principal amount of newly issued 10.500% first lien senior secured notes due 2030 (the “ New First Lien Notes,” and, together with the Exchange Notes, collectively, the “ New Notes” and such offering, the “ Subscription Offer” and, together with the Exchange Offer and the Tender Offer, collectively, the “ Offers”) and (b) the Company’s solicitation of consents (the “ Consent Solicitation” and together with the Offers, the “ Offers and Consent Solicitation”) from holders of Existing Notes to the adoption of certain amendments to the indenture governing the Existing Notes and the related security documents to eliminate substantially all of the restrictive covenants and certain of the default provisions, modify covenants regarding mergers and consolidations and modify or eliminate certain other provisions, including removing the requirement that the Company make an offer to repurchase the Existing Notes if the Company experiences certain change of control transactions, releasing the guarantees provided by the existing guarantors of the Existing Notes and eliminating any requirement to provide guarantees in the future with respect to the Existing Notes, releasing the liens on all of the collateral securing the Existing Notes and eliminating any requirement to provide collateral in the future with respect to the Existing Notes. The Offers and Consent Solicitation will be consummated on the terms set forth in a confidential offering memorandum and consent solicitation statement (the “ Offering Memor