Lanham, Md. – Radio One, the owner of more than 50 radio stations focused on urban
audiences, said on Monday it has landed a new $25 million revolving credit
facility and $386 million term loan.
The revolving portion of the facility
matures in 2015, with the term loan coming due in 2016.
The company said it
used the term loan to refinance all of its outstanding debt under a prior