Urban One (NASDAQ: UONE) updates terms on 7.375% 2028 notes
Rhea-AI Filing Summary
Urban One, Inc. entered into a supplemental indenture with Wilmington Trust, National Association, covering its 7.375% senior secured notes due 2028. This new agreement amends the existing indenture originally dated February 2, 2021 for those notes.
The supplemental indenture will become operative only if a previously announced exchange offer and consent solicitation for the existing notes is consummated. The complete terms are set out in the supplemental indenture, which is filed as an exhibit.
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Insights
Urban One ties indenture changes on 7.375% 2028 notes to an exchange offer.
Urban One has signed a supplemental indenture with Wilmington Trust, National Association for its 7.375% senior secured notes due 2028. The document states that this supplemental indenture amends provisions of the original indenture dated February 2, 2021 covering those notes.
A supplemental indenture is typically used to modify an existing bond agreement, such as updating wording or changing how certain provisions work. Here, the changes are explicitly conditioned on a previously announced exchange offer and consent solicitation for the existing notes.
The text explains that the supplemental indenture will only become operative upon consummation of that exchange offer and consent solicitation. This means any practical impact on noteholders and Urban One’s debt profile depends on whether that transaction is completed.
FAQ
What agreement did Urban One (UONE) enter into on December 3, 2025?
On December 3, 2025, Urban One, Inc. entered into a supplemental indenture with Wilmington Trust, National Association, relating to its 7.375% senior secured notes due 2028.
Which Urban One debt securities are covered by the new supplemental indenture?
The supplemental indenture applies to Urban One’s 7.375% senior secured notes due 2028, described in the filing as the company’s existing senior secured notes.
When will Urban Ones supplemental indenture for the 7.375% notes become operative?
The filing states that the supplemental indenture will become operative only upon the consummation of the previously announced exchange offer and consent solicitation for the existing 7.375% senior secured notes due 2028.
Who is the trustee and collateral agent for Urban One 19s 7.375% senior secured notes due 2028?
Wilmington Trust, National Association serves as the trustee and collateral agent for Urban One 19s existing 7.375% senior secured notes due 2028 and is a party to the supplemental indenture.
Where can investors find the full terms of Urban One 19s supplemental indenture?
The company filed the full text of the supplemental indenture as Exhibit 4.1, and the filing notes that the brief description is qualified in its entirety by that exhibit.
Which Urban One securities are listed on the NASDAQ Stock Market?
The filing lists Class A Common Stock with trading symbol UONE and Class D Common Stock with trading symbol UONEK as traded on the NASDAQ Stock Market.
