Radio One roadshow starts Thursday for $200 million 10-year notes

By Paul A. Harris

St. Louis, Feb. 2 - Radio One Inc. will hold a roadshow Thursday and Friday for a $200 million offering of 10-year senior subordinated notes (B2), according to an informed source.

Pricing is expected on Friday.

The notes will be non-callable for five years.

Credit Suisse First Boston has the books for the Rule 144A offering. Banc of America Securities LLC and Merrill Lynch & Co. are co-managers. Other co-managers are expected to emerge.

Proceeds will be used to redeem the company's outstanding 6½% convertible preferred securities in the High Tides structure.

The prospective issuer is a Washington, D.C., broadcasting company that primarily targets African-American and urban listeners, and owns and/or operates 69 radio stations in 22 urban markets in the United States.

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