Urban One’s Mission: Debt Refi and Deleverage


With its shares under the $5 level since June 2017, Urban One — the media company focused on African American consumers formerly known as Radio One — has embarked on a new plan of action designed to woo investors and analysts.

A detailed PowerPoint presentation was uploaded to the company’s website on October 4 and submitted to the SEC on Tuesday (10/9). It details what CEO Alfred Liggins III and CFO Peter Thompson seek for Urban One, the owner of radio stations, a cable TV network and a popular casino gaming resort in the D.C. area.

In short, de-levering and a debt refi are wanted.

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