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EVC > SEC Filings for EVC > Form 8-K on 5-Dec-2013All Recent SEC Filings

Show all filings for ENTRAVISION COMMUNICATIONS CORP | Request a Trial to NEW EDGAR Online Pro



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On December 5, 2013, Entravision Communications Corporation (the "Company") issued a press release announcing that its Board of Directors (the "Board") approved the initiation of a quarterly cash dividend to its shareholders and has declared an initial quarterly dividend of $0.025 per share of the Company's Class A, Class B and Class U common stock, payable on December 30, 2013 to all shareholders of record as of the close of business on December 16, 2013. The Company currently anticipates that future cash dividends will be paid on a quarterly basis. Any decision to pay future cash dividends will be subject to further approval by the Board.

The Company also announced that the Board declared a special one-time cash dividend of $0.10 per share to shareholders of the Company's Class A, Class B and Class U common stock, payable on December 30, 2013 to shareholders of record as of the close of business on December 16, 2013.

The Company also announced its intention to prepay $10 million of term loans under the Company's senior secured term loan credit facility entered into on May 31, 2013. The company currently anticipates funding this prepayment by using cash on hand. Following this prepayment, approximately $364 million will remain outstanding under the Company's term loan credit facility.

A copy of the press release is attached to this report as Exhibit 99.1.

This report contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding any future payment of cash dividends, are forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, but are not limited to, impacts of the global recession and tight credit markets; and other risks described under the caption "Risk Factors" in our Annual Report on Form 10-K for the period ended December 31, 2012. The Company assumes no obligation, and disclaims any duty, to update the forward-looking statements in this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release issued by Entravision Communications Corporation on December 5, 2013.

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