Radio One pushes date on bond exchange again


Radio One is continuing to negotiate with an ad hoc group of holders of its 8-7/8% Senior Subordinated Notes due 2011 and its 6-3/8% Senior Subordinated Notes due 2013 on potential amendments to its pending exchange offer. Thus, the exchange offer has been extended yet again to August 30th.

Radio One announced in July that it was re-evaluating a broader refinancing plan, including these note exchanges. To date there has been no public comment on what a reworked financing package would include.