Entravision Communication (NYSE:EVC) targets two segments


Boston, MA, 06/28/2013 (financialstrend) – The share prices of Entravision Communication (NYSE:EVC) had been traded in the price range of $5.82 and $6.20 per share on Thursday. The share price of the company had gradually advanced by 7.16 percent more than the previous day. The opening price is $5.82 per share. The share price of Entravision Communication (NYSE:EVC) does not made any effect in the 52 week low value $1.10 and 52 week high value $6.20.

Entravision Communications Corporation (EVC) is a modified Spanish-language media company utilizing a combination of radio and television operations to reach Hispanic consumers across the border markets of Mexico and various areas in United States. The company is operating in two segments namely radio broadcasting and television broadcasting.

Wells Fargo Bank, N.A has got the notice from Entravision Communication (NYSE:EVC)., the Trustee under the Indenture, dated July 27, 2010 governing the Company’s 8.75 percent Senior Notes due, its intention to redeem all of the remaining Senior Notes outstanding date on August 2, 2013 in a total principal amount of nearly $324 million. The redemption price will be 106.563 percent of the principal amount for the redeemed Senior Notes, in addition with interest unpaid and accrued and additional interest thereon to the Redemption Date. The Company borrowings on the Redemption Date intends to use under the Company’s $375 million senior secured Term Facility for loan entered into on May 31, 2013 to (a) the outstanding loans under the Company’s $20 million repay in full all of Term Loan A Facility entered into by the Company on May 31, 2013, and (b) the Senior Notes is redeemed fully.

The market capitalization value is nearly 532.26 million and institutional investors share’s value is about 38 percent. The Entravision Communication (NYSE: EVC) had a trading volume as 1.67 million and the average volume as 1.21 million per day on Thursday. The company presently holds outstanding share values as 86.69 million on Thursday.