Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that on March 17, 2023 the Company entered into a new $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving credit facility. Led by Bank of America, Wells Fargo, and J.P. Morgan Chase, the new credit facility replaces the Company’s existing credit facility entered into on November 30, 2017.

As companies and lenders evaluate performance risk and expectations for 2022, the trends previously considered to be emerging need to be considered a permanent part of the 2022 business environment. At this point, it is unrealistic to expect ready access to employees with necessary skills and to expect salary levels to reduce to earlier levels. Businesses will need to develop tools to plan for and manage through labor shortages in staffing and skills, and increased labor costs. In this article we will first review the labor indicators, and then discuss approaches business management can take to survive and thrive in this environment.