Radio One Station Sales Help Pay Down Its Debt - Radio World

Radio One Station Sales Help Pay Down Its Debt

Radio One said it had completed the sale of stations in Louisville, Ky., Dayton, Ohio, and Minneapolis for approximately $104 million.
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Radio One said it had completed the sale of stations in Louisville, Ky., Dayton, Ohio, and Minneapolis for approximately $104 million.

Additionally, the company announced amendments to its bank credit arrangements.

CEO/President Alfred C. Liggins III said the sale allowed the company to pay down debt and enhance financial flexibility, while the bank amendment provides further flexibility under its credit agreement.

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