Entravision to redeem remaining $40 million of 8¾% notes due 2017

By Tali David

Minneapolis, Nov. 30 - Entravision Communications Corp. plans to redeem the remaining $40 million of its 8¾% senior secured first-lien notes due 2017, according to a notice.

The notes will be redeemed at 103 plus accrued interest on Dec. 31.

The company said it expects to fund the redemption by using a combination of $20 million in cash on hand and $20 million of proceeds from a senior bank facility

Wells Fargo Bank, NA is the trustee.

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

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