Radio One Announces Financing Transactions and the Agreement to Purchase Additional Equity Interests in TV One
Radio One announced a series of financing moves designed to refinance substantially all of its existing debt and to finance its purchase of an additional 19% of TV One. Radio One owned only 37% of TV One before the deal. Now they have an ownership stake that is over 50%. Being able to refinance their debt must be a good thing for the company and for chairman Alfred Liggins.
Here's more on the deal.
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