UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 2014
ENTRAVISION COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-15997 | 95-4783236 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2425 Olympic Boulevard, Suite 6000 West
Santa Monica, California 90404
(Address of principal executive offices) (Zip Code)
(310) 447-3870
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On December 30, 2014, Entravision Communications Corporation (the Company) issued a press release announcing its intention to prepay $20 million of term loans under the Companys senior secured term loan credit facility entered into on May 31, 2013. The Company currently anticipates funding this prepayment by using cash on hand. Following this prepayment, approximately $340 million will remain outstanding under the Companys term loan credit facility.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
This report contains statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding any future payment of cash dividends, are forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, but are not limited to, risks described under the caption Risk Factors in our Annual Report on Form 10-K for the period ended December 31, 2013. The Company assumes no obligation, and disclaims any duty, to update the forward-looking statements in this report.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
99.1 | Press release issued by Entravision Communications Corporation on December 30, 2014. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ENTRAVISION COMMUNICATIONS CORPORATION | ||||||
Date: December 30, 2014 | By: | /s/ Walter F. Ulloa | ||||
Walter F. Ulloa | ||||||
Chairman and Chief Executive Officer |
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EXHIBIT INDEX
Exhibit Number |
Description of Exhibit | |
99.1 | Press release issued by Entravision Communications Corporation on December 30, 2014. |
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Exhibit 99.1
ENTRAVISION COMMUNICATIONS CORPORATION
ANNOUNCES PARTIAL DEBT PAYMENT
SANTA MONICA, CALIFORNIA December 30, 2014 Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, today announced its intention to prepay $20 million of term loans under the companys senior secured term loan credit facility entered into on May 31, 2013. Entravision currently anticipates funding this prepayment by using cash on hand. Following the prepayment, approximately $340 million will remain outstanding under the companys term loan credit facility.
Our solid balance sheet and sound financial performance provides us with the opportunity to proactively manage our capital structure, said Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision. We are well positioned to execute on our strategic plan and continue to invest in our growth opportunities.
About Entravision Communications Corporation
Entravision Communications Corporation is a diversified media company serving Latino audiences and communities with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America. Entravision has 58 primary television stations, including in 20 of the nations top 50 Latino markets, and is the largest affiliate group of both the top-ranked Univision television network and Univisions UniMás network. Entravision also operates one of the nations largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations, and Entravision Solutions, a national sales representation and marketing organization specializing in Spanish-language media platforms and radio networks. Entravision also offers a variety of digital media platforms and services, including digital content, digital advertising platforms, including the #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®, and data analytics solutions designed to maximize the opportunity for advertisers and marketers to connect with the growing Latino consumer market. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.
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Contact:
Brad Edwards
Brainerd Communicators, Inc.
edwards@braincomm.com
212-986-6667