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, 2016
ENTRAVISION COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
1-15997 |
95-4783236 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
2425 Olympic Boulevard, Suite 6000 West
Santa Monica, California 90404
(Address of principal executive offices) (Zip Code)
(310) 447-3870
(Registrant’s 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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 January 3, 2017, Entravision Communications Corporation (the “Company”) issued a press release announcing its prepayment, on December 30, 2016, of $20 million of term loans under the Company’s senior secured term loan credit facility entered into on May 31, 2013. The Company funded this prepayment by using cash on hand. Following this prepayment, approximately $293 million remained outstanding under the Company’s 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, 2015. 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
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99.1 |
Press release issued by Entravision Communications Corporation on January 3, 2017. |
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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.
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ENTRAVISION COMMUNICATIONS CORPORATION |
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Date: January 3, 2017 |
By: |
/s/ Walter F. Ulloa |
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Walter F. Ulloa |
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Chairman and Chief Executive Officer |
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EXHIBIT INDEX
Exhibit Number |
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Description of Exhibit |
99.1 |
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Press release issued by Entravision Communications Corporation on January 3, 2017. |
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Exhibit 99.1
ENTRAVISION COMMUNICATIONS CORPORATION
ANNOUNCES PARTIAL DEBT PAYMENT
SANTA MONICA, CALIFORNIA – January 3, 2017 – Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, today announced that it made a prepayment on December 30, 2016 of $20 million of term loans under the company’s senior secured term loan credit facility entered into on May 31, 2013. Entravision funded this prepayment by using cash on hand. Following the prepayment, approximately $293 million remained 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 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 leading media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico. The Company’s comprehensive portfolio incorporates integrated media and marketing solutions comprised of acclaimed television, radio, digital properties, events, and data analytics services. Entravision has 56 primary television stations and is the largest affiliate group of both the Univision and UniMás television networks. Entravision also owns and operates 49 primarily Spanish-language radio stations featuring nationally recognized talent, as well as the Entravision Audio Network and Entravision Solutions, a coast-to-coast national spot and network sales and marketing organization representing Entravision’s owned and operated, as well as its affiliate partner, radio stations. According to comScore Media Metrix®, Entravision’s digital operating group, Pulpo, is the #1-ranked online advertising platform in Hispanic reach, and Pulpo’s comprehensive media offering, data, and consumer insights lead the industry. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.
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Contact:
Mike Smargiassi/Brad Edwards
Brainerd Communicators, Inc.
212-986-6667