Home URBAN Radio One, Inc. Announces Amendment to Credit Agreement

Radio One, Inc. Announces Amendment to Credit Agreement

alfred ligginsRadio One, Inc. (the “Company” or “Radio One”) (Nasdaq: ROIAK and ROIA) announced that it has secured an amendment (the “Amendment”) to its March 2011 Credit Agreement (the “Credit Agreement”). The Amendment (i) modifies financial covenant levels with respect to the Company’s total-leverage, secured-leverage, and interest-coverage hurdles; (ii) increases the amount of cash the Company can net for determination of its net indebtedness tests, and (iii) extends the time for certain of the Credit Agreement’s call premium while reducing the time for its later and lower premium. The Amendment became effective as of December 19, 2012 and was secured with the unanimous consent of holders of its loans under the Credit Agreement.

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Hassahn is no stranger to the power of words. Just as Lebron took his talents to South Beach, the Chicago native has taken his talents to Hollywood and beyond. His ability to manipulate the English language has led to a career using his gift. He currently writes songs for TV/Film; he has co-written a book alongside Dr. Kerby T Alvy Ph.D; Hassahn produced and wrote DEMOs documentary film, and of course he scribes for Radio Facts on the daily.

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