Radio One again extends exchange offer for 8 7/8%, 6 3/8% notes

By Susanna Moon

Chicago, Aug. 2 - Radio One, Inc. said it again extended the exchange offer and consent solicitation for its 8 7/8% senior subordinated notes due 2011 and its 6 3/8% senior subordinated notes due 2013.

The offer will now end at 5 p.m. ET on Aug. 13, pushed back from July 31.

The company said it still has not satisfied the conditions needed to complete the exchange offer.

As of 5 p.m. ET on July 31, investors had tendered 89.8% of the notes. That figure is unchanged from July 15.

The company is offering new 11%/12% senior grid notes due 2017 in the exchange.

Radio One said it is in discussions with representatives of a significant portion of the notes about amending the terms of the exchange offer, including its conditions.

BNY Mellon Shareowner Services (800 777-3674 or 201 680-6579) is the exchange agent, information agent and subscription agent.

Radio One is a Washington, D.C.-based broadcasting company.

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