Company: EVC
Filing Date: 2025-07-16
Form Type: 8-K
Source: 0000950170-25-096083
Chunk: 0

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-07-16
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement.

On July 15, 2025 (the “ Effective Date”), Entravision Communications Corporation (the “ Company”) entered into Amendment No. 1 (the “ Amendment”) to the Amended and Restated Credit Agreement dated as of March 17, 2023 (as amended, restated, supplemented or otherwise modified from time to time prior to the Effective Date, the “ Existing Credit Agreement”; the Existing Credit Agreement, as amended by the Amendment, the “ Credit Agreement”), by and among the Company, the guarantors party thereto, Bank of America, N. A., as administrative agent and collateral agent, and the other financial institutions party thereto as Lenders (collectively, the “ Lenders”).

The Amendment amends the Existing Credit Agreement to, among other things,

1.

increase the quarterly amortization to $5,000,000;

2.

reduce the aggregate revolving commitments from $75,000,000 to $30,000,000;

3.

increase the maximum permitted Total Net Leverage Ratio (as defined in the Credit Agreement) to 4.0 to 1.0;

4.

calculate leverage ratios based on an annualized average for the eight most recently completed fiscal quarters and increase cash netting to $60,000,000; and

5.

reduce the minimum permitted Interest Coverage Ratio (as defined in the Credit Agreement) to 2.0 to 1.0.

Pursuant to the Amendment, the Company agreed to pay to the Lenders consenting to the Amendment a fee equal to 0.05% of the amount of outstanding loans and commitments held by such Lenders under the Existing Credit Agreement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by the terms and provisions of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.