Radio One files $500 million shelf for 8 7/8% notes add-on, debt, preferreds, stock, units

New York, Jan. 29 - Radio One, Inc. filed a $500 million shelf registration with the Securities and Exchange Commission covering add-ons to its existing 8 7/8% senior subordinated notes due 2011, senior debt securities, subordinated debt securities, trust preferred securities, preferred stock, class D common stock, warrants, stock purchase contracts and stock purchase units. It also registered 3,483,510

shares of class D common stock for sale in a secondary offering by selling stockholders

The company can only sell a further $200 million of the 8 7/8% notes since it has already issued $300 million of the $500 million permitted in the indenture.

The Lanham, Md. radio broadcasting company said it will use proceeds from the securities sales for general corporate purposes unless specified otherwise at the time of sale.

For the nine months to Sept. 30, 2001, earnings were insufficient to cover fixed charges by $66.9 million compared to an earnings to fixed charge ratio of 2.0 times for the same period of 2000.

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