Entravision Announces Partial Debt Payment
December 31, 2014 at 7:45 AM (PT)
ENTRAVISION COMMUNICATIONS CORP. announced its intention to prepay $20 million of term loans under the company's senior secured term loan credit facility entered into on MAY 31st, 2013. ENTRAVISION currently anticipates funding this prepayment by using cash on hand. Following the prepayment, approximately $340 million will remain outstanding under the company's term loan credit facility.
"Our solid balance sheet and sound financial performance provides us with the opportunity to proactively manage our capital structure," said ENTRAVISION Chairman/CEO WALTER F. ULLOA. "We are well positioned to execute on our strategic plan and continue to invest in our growth opportunities."