Entravision Communications Corporation, a global media and advertising technology company, announced that on July 15, 2025 it entered into a strategic amendment to its credit agreement. The move is intended to increase the company’s financial stability and accelerate debt reduction, resulting in lower financial risk through the term of its credit facility, which matures in March 2028.
“We are pleased with the strategic changes we’ve made to our credit facility,” said Mark Boelke, Chief Financial Officer of Entravision. “Reducing debt is a key priority for Entravision that will provide operational and financial stability and flexibility. The media industry is undergoing unprecedented changes and this amendment provides us with additional financial flexibility to navigate these changes and build shareholder value.”
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Key provisions of the amendment include:
Accelerated debt reduction
- Scheduled quarterly term loan payments increased to $5 million from $2.5 million. This follows a voluntary prepayment of $10 million in the second quarter of 2025 and further strengthens the company’s low leverage ratios.
- Revolving credit facility commitments decreased to $30 million from $75 million, optimizing available liquidity while reducing commitment fees.
Enhanced financial stability
- The net leverage ratio will be calculated on a trailing eight-quarter basis, instead of a trailing four-quarter basis, and the maximum permitted net leverage ratio increased to 4.0x from 3.25x. These changes are intended to moderate the effects of cyclical political advertising revenue, and provide a more stable leverage profile and greater operational flexibility.
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About Entravision Communications Corporation
Entravision is a global media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences.
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Source – Businesswire
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