secwatch.observer — SEC 8-K summary
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Issuer:     ENTRAVISION COMMUNICATIONS CORP (EVC)
CIK:        0001109116
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0000950170-25-096083
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entravision amends credit agreement, hikes quarterly amortization to $5M, cuts revolver to $30M
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- Quarterly term loan amortization doubled to $5M from $2.5M; follows $10M voluntary prepayment in Q2 2025.
- Revolving credit commitments reduced to $30M from $75M, lowering commitment fees.
- Max permitted net leverage ratio raised to 4.0x (from 3.25x); now calculated on trailing 8-quarter average.
- Minimum interest coverage ratio cut to 2.0x; cash netting increased to $60M.
- Consenting lenders receive fee of 0.05% of outstanding loans and commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109116/000095017025096083/0000950170-25-096083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109116/000095017025096083/evc-20250715.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-096083

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