Entravision has $383.3 million of debt following recent bond buyback

By Aleesia Forni

Columbus, Ohio, Jan. 17 - Entravision Communications Corp. currently has roughly $383.8 million of total debt due to the buyback of roughly $16 million of its bonds in the open market in early December.

This is a reduction from the $400 million of debt the company announced at the end of September.

The company also announced a $0.06 dividend, which equated to a roughly $5 million dividend payout on Dec. 30.

"That was a one-time dividend," chief financial officer Christopher T. Young said during the company's presentation at the Noble Financial Equity Conference in Hollywood, Fla., on Tuesday. "It's not a new dividend policy. It's something that we'll take a look at on a fairly regular basis, balancing perhaps debt reduction with the possibility of a dividend in the future, but that was not a regular dividend policy."

Entravision is a Santa Monica, Calif.-based Spanish-language media company.

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