Brief: Urban One Says Had $98.5 Million Of Cash On Hand And $887.7 Million Of Debt Outstanding

Urban One

08/10/2020 22:31

Oct 8 (Reuters) - Urban One Inc  UONEK.O :
    * URBAN ONE INC - AS OF OCTOBER 7, HAD $98.5 MILLION OF CASH
ON
HAND AND $887.7 MILLION OF DEBT OUTSTANDING
    * URBAN ONE INC -  ANTICIPATES  WILL BE IN COMPLIANCE WITH
ALL
COVENANTS UNDER 2017 CREDIT FACILITY AND 2018 CREDIT FACILITY
FOR REMAINDER OF YEAR
    * URBAN ONE INC -  ANTICIPATE CONTINUED DECREASES IN
REVENUES DUE
TO THE COVID-19 PANDEMIC - SEC FILING
    * URBAN ONE INC -  CABLE TV ADVERTISING REVENUES FOR Q3 ARE
EXPECTED TO BE ALMOST FLAT YEAR-OVER-YEAR
    * URBAN ONE INC - OVERALL Q3 CABLE TV REVENUES ARE EXPECTED
TO BE
DOWN BY LOW SINGLE-DIGITS PERCENT

Source text: (https://bit.ly/30LbOwr)
Further company coverage:  UONEK.O 

 ((Reuters.Briefs@thomsonreuters.com;))