Entravision prepays $20 million secured term loans via cash on hand

By Susanna Moon

Chicago, Jan. 3 – Entravision Communications Corp. prepaid $20 million of the company’s senior secured term loan credit facility.

Entravision made the prepayment last Friday using cash on hand, according to a company announcement.

After the paydown, about $293 million remains outstanding under the company’s term loan.

“Our solid balance sheet and sound financial performance provides us with the opportunity to proactively manage our capital structure,” Walter F. Ulloa, the company’s chairman and chief executive officer of Entravision, said in the company’s press 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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