Urban One Amends ABL, Regains Nasdaq Compliance

Urban One has amended its existing asset-based lending facility and regained compliance with Nasdaq’s minimum bid price requirement, according to a Form 8-K filed with the Securities and Exchange Commission.

The Silver Spring, MD-based broadcaster entered into a First Amendment to its Amended and Restated Credit Agreement on February 9. The amendment modifies the company’s current ABL facility, originally dated December 18, 2025, with Bank of America, N.A. serving as administrative agent.

Under the amendment, the maturity date of the current ABL facility has been clarified and is defined as the earliest of: December 18, 2030; 91 days prior to the maturity or expiration of any material indebtedness (other than the company’s existing notes); or the date on which a specified non-springing maturity condition tied to the existing notes is no longer satisfied.

The filing notes that the amendment does not impair existing liens under the credit documents, and that all guarantees and security interests remain in full force and effect.

Separately, Urban One said it received notice from Nasdaq on February 9 confirming that it has regained compliance with the exchange’s minimum bid price rule. Nasdaq determined that for 10 consecutive business days, from January 23 through February 6, 2026, the closing bid price of the company’s Class D common stock was at or above $1.00 per share. With the company back in compliance, Nasdaq has ceased any delisting action and considers the matter closed, according to the filing.