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Radio One Looking For $25 Million Revolving Credit Facility and $386 Million Term loan

March 8, 2011

Radio One Looking For $25 Million Revolving Credit Facility and $386 Million Term loan

Radio One has engaged Credit Suisse and Deutsche Bank to arrange a new senior secured credit facility. The new senior secured credit facility is to be comprised of a $25.0 million "super-priority" revolving credit facility and a $386.0 million term loan. Upon completion, the proceeds of the New Senior Credit Facility will be used to refinance all of the Company's outstanding indebtedness under its existing senior credit facility and for working capital and general corporate purposes.

Radio One anticipates that affiliates of Credit Suisse and Deutsche Bank will provide the $25.0 million "super-priority" revolving credit facility and will use commercially reasonable efforts to syndicate the $386.0 million term loan. The Company expects to complete the transaction during the first quarter, subject to meeting customary conditions, including but not limited to, successful syndication and entry into a credit agreement and security documents for the New Senior Credit Facility.




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