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Central European Media calls 240 million 9% senior notes due 2017
By Susanna Moon
Chicago, Nov. 14 Central European Media Enterprises Ltd. called the 240 million principal amount of 9% senior notes due 2017 issued by CMEs wholly owned subsidiary CET 21 spol sro, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed on Dec. 14.
The company will fund the redemption with proceeds of a 250.8 million three-year senior unsecured term credit facility.
Hamilton, Bermuda-based Central European Media provides programming in Eastern European countries, including the Czech Republic, Bulgaria, Romania, Slovakia, Slovenia and Croatia.
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