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Radio One Inc. Message Board

  • kwooozie kwooozie Dec 19, 2012 5:32 PM Flag

    Huge news out! Let the squeeeeeeze begin!: " Radio One Announces Amendment to Credit Agreement"

    WASHINGTON , Dec. 19, 2012 /PRNewswire/ --Radio One, Inc. (the "Company" or "Radio One") (Nasdaq: ROIAK and ROIA) today announced that it has secured an amendment (the "Amendment") to its March 2011 Credit Agreement (the "Credit Agreement"). The Amendment (i) modifies financial covenant levels with respect tothe Company'stotal-leverage, secured-leverage, and interest-coverage hurdles; (ii) increases the amount of cashthe Companycan net for determination of its net indebtedness tests, and (iii) extends the time for certain of the Credit Agreement's call premium while reducing the time for its later and lower premium. The Amendment became effective as of December 19, 2012 and was secured with the unanimous consent of holders of its loans under the Credit Agreement.

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    • It certainly begs the question who would be stupid enough to be short this stock.....and it affirms, all the more, my confidence that I'll be making money here, with my 2.5% of the public float position. For now, the Street simply isn't paying any attention. But I fully expect to see this stock materially over $1, in the next 6-12 months. As the Street increasingly sees that cash flows from this industry are going to hold up just fine, or certainly enough to pay down debt, and leave value for equity holders.

      Frankly, I'd personally like to see management, who already owns a third or more of this company, come up with the financing to take it private, at any price of $1.40 or above.

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