Radio One repurchases all 12½%/15% senior subordinated notes due 2016

By Tali Rackner

Norfolk, Va., May 14 - Radio One, Inc. repurchased or redeemed all of the amounts outstanding under its 12½%/15% senior subordinated notes due 2016 effective March 13, according to a filing with the Securities and Exchange Commission.

In January, the Lanham, Md.-based radio broadcaster said it planned to use the proceeds of its $335 million issue of 9¼% senior subordinated notes due 2020 to repay its senior subordinated notes due 2016.

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