secwatch / observer
8-K filed March 20, 2023, 7:59 PM ET ticker EVC CIK 0001109116
debt confidence high sentiment neutral materiality 0.60

ENTRAVISION COMMUNICATIONS CORP (EVC): debt financing — Entravision enters new $275M credit facility, $200M term loan drawn

ENTRAVISION COMMUNICATIONS CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP incurred credit facility of $200,000,000 Term A Facility and $75,000,000 Revolving Credit Facility with Bank of America, N.A., as Administrative Agent, and the other Lenders at Term SOFR plus 2.50%-3.00% or Base Rate plus 1.50%-2.00% maturing March 17, 2028.

Instrument
credit facility
Principal
$200,000,000 Term A Facility and $75,000,000 Revolving Credit Facility
Counterparty
Bank of America, N.A., as Administrative Agent, and the other Lenders
Rate
Term SOFR plus 2.50%-3.00% or Base Rate plus 1.50%-2.00%
Maturity
March 17, 2028
Event
incurrence
Exact text from the filing
party thereto as Lenders (collectively, the “Lenders” and individually each a “Lender”). The Restated Credit Facilities described in the Restated Credit Agreement consists of a $200,000,000 senior secured Term A Facility, which was drawn in full on the Closing Date, and a $75,000,000 Revolving Credit Facility. In addition, the Restated Credit Agreement provides that
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP: Adopted Sixth Amended and Restated Bylaws effective March 16, 2023, updating for universal proxy rules, DGCL amendments, and other governance matters (effective 2023-03-16).

Change
bylaw amendment
Effective
2023-03-16
Exact text from the filing
On March 16, 2023, in connection with the new Securities and Exchange Commission rules and changes to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “DGCL”), and a periodic review of corporate governance matters, the Board of Directors (the “Board”) of the Company adopted the Sixth Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective immediately.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP amended Restated Credit Agreement with Bank of America, N.A., as Administrative Agent, and the other financial institutions party thereto as Lenders valued at $200,000,000 senior secured Term A Facility and $75,000,000 Revolving Credit Facility (effective 2023-03-17).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as Administrative Agent, and the other financial institutions party thereto as Lenders
Value
$200,000,000 senior secured Term A Facility and $75,000,000 Revolving Credit Facility
Effective
2023-03-17
Exact text from the filing
On March 17, 2023 (the “Closing Date”), Entravision Communications Corporation (the “Company”) entered into an amendment and restatement of its credit facilities (the “Restated Credit Facilities”) pursuant to an Amendment and Restatement Agreement (the “Restated Credit Agreement”), by and among the Company, Bank of America, N.A., as Administrative Agent (the “Agent”), and the other financial institutions party thereto as Lenders (collectively, the “Lenders” and individually each a “Lender”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000950170-23-008695
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