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Latest Satellite News Discussion, New Central European Media Enterprises at General Satellite News forum; Central European Media Enterprises CME broadcasts in 7 central and eastern Europe. The notes will have the same terms and ...

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Thumbs up New Central European Media Enterprises - 24-September-2009, 17:40

Central European Media Enterprises

CME broadcasts in 7 central and eastern Europe. The notes will have the same terms and be of the same series as the 11.625% senior notes due 2016 that the Company issued and sold on September 17, 2009. The Company intends to commence the offer shortly. The Company says it expects to use the net proceeds of the offering to redeem all outstanding 181.8m (about $268.9m) 8.25% Senior Notes due 2012 of the Company, and for general corporate purposes.

Central European Media Enterprises, the Nasdaq-registered broadcaster, says it will make a private placement of fixed rate senior notes in the aggregate principal amount of approximately 200m (about $295.8m). The cash will mostly be used to redeem other debts due to be repaid by 2012.

CME broadcasts in 7 central and eastern Europe. The notes will have the same terms and be of the same series as the 11.625% senior notes due 2016 that the Company issued and sold on September 17, 2009. The Company intends to commence the offer shortly. The Company says it expects to use the net proceeds of the offering to redeem all outstanding 181.8m (about $268.9m) 8.25% Senior Notes due 2012 of the Company, and for general corporate purposes.


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