Entravision Communications (EVC) said Wednesday it has signed an amendment to its credit agreement to improve its financial stability and accelerate debt reduction.

The move will lead to lower financial risk during the term of its credit facility maturing in March 2028, the company said.

Under the amendment, scheduled quarterly term loan payments were raised to $5 million from $2.5 million, following a voluntary prepayment of $10 million in Q2, Entravision said.

Also, revolving credit facility commitments were reduced to $30 million from $75 million, the company said.