Entravision to repay $20 million of term loan debt with cash on hand

New York, Dec. 30 – Entravision Communications Corp. said it plans to pay down $20 million of its term loan borrowings.

Funding for the prepayment will come from cash on hand.

After the paydown, the company will have $340 million outstanding under its term loan facility.

“Our solid balance sheet and sound financial performance provides us with the opportunity to proactively manage our capital structure,” said Walter Ulloa, chairman and chief executive officer of Entravision, in a news release. “We are well positioned to execute on our strategic plan and continue to invest in our growth opportunities.”

Entravision is a Santa Monica, Calif., media company aimed at Latino audiences.

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