Radio One, Inc. Announces Intention to Issue $300 Million of Senior Subordinated Notes

Apr 17, 2001, 01:00 ET from Radio One, Inc.

    WASHINGTON, April 17 /PRNewswire/ -- Radio One, Inc. (Nasdaq: ROIAK; ROIA)
 today announced its intention to sell $300 million of ten year senior
 subordinated notes pursuant to exemptions from registration of the offering
 under the Securities Act of 1933.  Proceeds from the notes will be used to
 refinance the Company's 12% Senior Subordinated Notes due 2004 on or as soon
 as possible after May 15, 2001 at a redemption price of 106.0% of the
 principal amount of those notes (plus any and all accrued interest) and to
 repay a portion of its existing bank credit facility.  The securities offered
 will not be registered under the Securities Act of 1933, as amended, and may
 not be offered or sold in the United States absent registration or an
 applicable exemption from the registration requirements.
     Radio One is one of the nation's largest radio broadcasting companies and
 the largest primarily targeting African-American and urban listeners.  Pro
 forma for all announced acquisitions and divestitures, the Company owns and/or
 operates 63 radio stations located in 22 of the largest markets in the United
 States.
     This press release may include forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934. Because these statements apply to future
 events, they are subject to risks and uncertainties that could cause actual
 results to differ materially, including the absence of a combined operating
 history with an acquired company or radio station and the potential inability
 to integrate acquired businesses, need for additional financing, high degree
 of leverage, granting of rights to acquire certain portions of the acquired
 company's or radio station's operations, variable economic conditions and
 consumer tastes, as well as restrictions imposed by existing debt and future
 payment obligations. Important factors that could cause actual results to
 differ materially are described in the Company's reports on Forms 10-K and
 10-Q and other filings with the Securities and Exchange Commission.
     For more information contact Scott R. Royster, Executive Vice President
 and Chief Financial Officer at 301-429-2642.
 
 

SOURCE Radio One, Inc.
    WASHINGTON, April 17 /PRNewswire/ -- Radio One, Inc. (Nasdaq: ROIAK; ROIA)
 today announced its intention to sell $300 million of ten year senior
 subordinated notes pursuant to exemptions from registration of the offering
 under the Securities Act of 1933.  Proceeds from the notes will be used to
 refinance the Company's 12% Senior Subordinated Notes due 2004 on or as soon
 as possible after May 15, 2001 at a redemption price of 106.0% of the
 principal amount of those notes (plus any and all accrued interest) and to
 repay a portion of its existing bank credit facility.  The securities offered
 will not be registered under the Securities Act of 1933, as amended, and may
 not be offered or sold in the United States absent registration or an
 applicable exemption from the registration requirements.
     Radio One is one of the nation's largest radio broadcasting companies and
 the largest primarily targeting African-American and urban listeners.  Pro
 forma for all announced acquisitions and divestitures, the Company owns and/or
 operates 63 radio stations located in 22 of the largest markets in the United
 States.
     This press release may include forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934. Because these statements apply to future
 events, they are subject to risks and uncertainties that could cause actual
 results to differ materially, including the absence of a combined operating
 history with an acquired company or radio station and the potential inability
 to integrate acquired businesses, need for additional financing, high degree
 of leverage, granting of rights to acquire certain portions of the acquired
 company's or radio station's operations, variable economic conditions and
 consumer tastes, as well as restrictions imposed by existing debt and future
 payment obligations. Important factors that could cause actual results to
 differ materially are described in the Company's reports on Forms 10-K and
 10-Q and other filings with the Securities and Exchange Commission.
     For more information contact Scott R. Royster, Executive Vice President
 and Chief Financial Officer at 301-429-2642.
 
 SOURCE  Radio One, Inc.