Entravision To Redeem Outstanding Senior Notes
June 27, 2013 at 6:35 AM (PT)
ENTRAVISION COMMUNICATIONS CORP. plans to redeem all $324 million of its remaining 8.75% Senior Notes due 2017 as of AUGUST 2nd. The redemption price will be 106.563% of the principal amount, plus accrued and unpaid interest and additional interest.
ENTRAVISION will use borrowings under its $375 million senior secured Term Loan B Facility to repay in full all of the outstanding loans under its $20 million Term Loan A Facility as well as redeem in full all of the Senior Notes.