Key Developments: Central European Media Enterprises Ltd (CETV.O)

CETV.O on Nasdaq

2.30USD
12 Feb 2016
Change (% chg)

$0.06 (+2.68%)
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Latest Key Developments (Source: Significant Developments)

Standard & Poor's Ratings Services lowers Central European Media Enterprises Ltd credit rating-DJ
Tuesday, 30 Jun 2015 10:04am EDT 

Central European Media Enterprises Ltd:Standard & Poor's Ratings Services lowers its long-term corporate credit rating on Central European Media Enterprises Ltd (CME) to 'B' from 'B+' - DJ.places the rating on CreditWatch with negative implications.  Full Article

Central European Media Enterprises announces the appointment of David Sturgeon as Chief Financial Officer
Thursday, 5 Jun 2014 07:56am EDT 

Central European Media Enterprises Ltd:Appoints David Sturgeon as Chief Financial Officer.Sturgeon has served as the acting Chief Financial Officer since Oct. 29, 2013 and also was Deputy Chief Financial Officer from July 2009.  Full Article

Central European Media Enterprises Ltd announces closing of its rights offering
Friday, 2 May 2014 08:19am EDT 

Central European Media Enterprises Ltd:Shareholders purchased 2,852,168 units in rights offering.Remaining 566,299 units not subscribed for in rights offering were purchased by Time Warner as part of their backstop purchase commitment.In addition CME issued $400 mln aggregate original principal amount of 15 pct senior secured notes due 2017.Net proceeds from these transactions of about $386.2 mln.  Full Article

Central European Media Enterprises Ltd announces appointment John K. Billock as chairman
Tuesday, 15 Apr 2014 10:00am EDT 

Central European Media Enterprises Ltd:Announced that John K. Billock has been appointed to CME's Board of Directors and will serve as the non-executive Chairman of the Board.  Full Article

Central European Media Enterprises Ltd announces resignation of chairman Ronald s. Lauder
Friday, 14 Mar 2014 01:00pm EDT 

Central European Media Enterprises Ltd:Ronald S. Lauder, non-executive chairman of the Board, is resigning from the company's Board.  Full Article

Central European Media Enterprises Ltd announces refinancing of 2016 notes with proceeds from rights offering and financing provided by time warner
Friday, 28 Feb 2014 07:45am EST 

Central European Media Enterprises Ltd:To finance the redemption of its 272,972,000 Euro aggregate principal amount of 11.625 pct senior notes due 2016 and to provide additional liquidity, CME has entered into agreements with Time Warner Inc. and one of its affiliates and filed a rights offering registration statement.Rights offering and related transactions to be undertaken pursuant to these agreements are subject to certain conditions described below.Expects to raise gross proceeds from the rights offering and the purchase of units by Time Warner of about $396.8 mln, which is equal to the amount of principal and early redemption premium payable to redeem the 2016 Notes (at Feb. 21, 2014 exchange rates).In addition, CME will issue 84 mln unit warrants in the rights offering and the time warner private placement.Principal purpose of these financing transactions is to enhance CME's overall liquidity and cash flow by refinancing the remaining 2016 Notes, which are cash pay indebtedness, with non-cash pay indebtedness, including the New Notes, and to provide funds for general corporate purposes.  Full Article

WRAPUP 1-Slower Polish factory output growth stands out in CEE

WARSAW, Feb 1 Czech factory output jumped to a six-month high in January while Hungary's output bounced back after a brief contraction, but Poland's manufacturing sector slowed and business sentiment deteriorated, surveys showed on Monday.

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