Urban One Inc, founded in 1980 and headquartered in Silver Spring, Maryland, is a leading media company dedicated to serving Black millennials and adults through a diverse array of multimedia platforms. The company operates radio stations, digital platforms, and produces television content, striving to provide engaging and culturally relevant programming.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| UONE 7.38% 2028-02-01 USDUrban One Inc | United States | 2028-02-01 | 7.375 | 43.14 |
| UONE 7.38% 2028-02-01 USDUrban One Inc | United States | 2028-02-01 | 7.375 | 41.43 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Urban One has been active in the bond market, with notable issuances since its first bond sale in 2007. A significant recent bond offering occurred in 2021, when the company issued $550 million in senior secured notes, which were utilized to refinance existing debt and strengthen its balance sheet. Currently, Urban One's bonds yield comparably higher than the industry average, reflecting the perceived risk and potential return on investment. Investors should note that the company's bonds come with a call feature, allowing for early redemption, a strategic choice during fluctuating interest rates.