Entravision Makes Strategic Amendment to Credit Agreement

RADIO ONLINE | Wednesday, July 16, 2025 | 9:43am CT

Entravision Communications Corporation

Entravision Communications Corporation announced it has amended its credit agreement in a move aimed at enhancing financial stability and accelerating debt reduction. The amendment, finalized on July 15, comes as the media company continues to respond to shifting industry dynamics and seeks to maintain long-term operational flexibility.

"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."

Key Changes in the Amendment:

• Accelerated Term Loan Repayments: Quarterly term loan payments have doubled to $5 million from $2.5 million. The change follows a voluntary $10 million prepayment in Q2 2025, further lowering the company's leverage ratios.

• Reduced Revolving Credit Commitments: Entravision decreased its revolving credit facility from $75 million to $30 million, aiming to optimize liquidity while cutting commitment fees.

• Leverage Ratio Adjustments: The net leverage ratio will now be calculated on a trailing eight-quarter basis instead of four, with the maximum permitted ratio increased to 4.0x from 3.25x. This shift is intended to smooth out the effects of cyclical political ad revenue and provide greater financial stability.

The credit facility matures in March 2028. Further details about the amendment are available in the company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.