Radio One calls $200 million 6.5% High Tides

By Caroline Salls

Pittsburgh, Feb. 4 - Radio One Inc. said it will redeem all $200 outstanding of its 6.5% convertible preferreds in the remarketable term income deferred equity securities, or High Tides, structure on Feb. 21.

After this redemption, there will be no High Tides outstanding, as the company intends to redeem $110 million of the securities on Feb. 15.

Radio One is a Washington-based radio broadcasting company.

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