New Issue: Entravision Communications upsizes seven-year notes to $225 million, yield 8 1/8%

By Paul A. Harris

St. Louis, Mo., March 12 - Entravision Communications Corp. upsized its offering of senior subordinate notes due March 15, 2009 (B3/B-) to $225 million from $200 million and priced it at par to yield 8 1/8%, according to syndicate sources.

"It came at the tight end of the talk, and it was upsized," a syndicate official commented. "There was strong demand for this."

UBS Warburg was bookrunner. The deal is believed to mark that firm's entry into the media sector as a high-yield lead manager.

Credit Suisse First Boston and Merrill Lynch & Co. were co-leads. And BNY Capital Markets, Fleet Securities, Scotia Capital and TD Securities were co-managers.

Proceeds from the Rule 144A notes will be used to repay the Santa Monica, Calif.-based Hispanic media company's existing debt.

Issuer:	Entravision Communications Corp.
Amount:	$225 million (increased from $200 million)
Maturity:	March 15, 2009
Type:	Senior subordinated notes
Bookrunner:	UBS Warburg
Coupon:	8 1/8%
Price:	Par
Yield:	8 1/8%
Spread:	296 basis points over the 5½% Treasury of May, 2009
Call features:	Callable on March 15, 2006 at 104.063, 102.031, par on March 15, 2008 and thereafter
Equity clawback:	Until March 15, 2005 for 35% at 108.125
Settlement date:	March 18, 2002 flat
Ratings:	Moody's: B3
	Standard & Poor's: B-
Rule 144A CUSIP:	29382RAA5

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