Entravision to redeem 8 1/8% notes using new credit facility

By Kimberly N. Alleyne

Stroudsburg, Pa., Sept. 6 - Entravision Communications Corp. announced Tuesday it will redeem its $225 million principal amount of 8 1/8% senior subordinated notes due 2009 using proceeds from a new $650 million senior secured bank credit facility.

The redemption will be part of a refinancing which will also include replacing its existing $400 million senior secured bank credit facility.

Any remaining proceeds will be used for for general corporate purposes.

It is expected that the new credit facility will consist of a 71/2-year $500 million term loan and a 6½ -year $150 million revolving credit facility.

Entravision Communications Corp. is diversified Spanish-language media company.

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