Entravision redeeming some bonds


MoneyIf you’re a holder of some of Entravision’s 8.75% Senior Secured First Lien Notes due 2017, the company may want to buy them back at a premium. But it doesn’t want all of them.

Entravision has informed the trustee for the issue, Wells Fargo Bank, that it intends to redeem $20 million (face value) of the $384 million or so of the notes outstanding. The redemption at 103% of face value, plus accrued interest, is set to take place on May 30th.

Following the redemption there will be about $364 million of the issue outstanding.