Central European Media Prices Note Offering

NEW YORK (AP) — Central European Media Enterprises Ltd., which operates TV channels in Central and Eastern Europe, Friday said it had priced an offering of senior notes worth 200 million euros, or about $290 million, at a discount.

The notes will be sold at 98.261 percent of their face value and pay interest at 11.625 per year. They will mature on September 15, 2016.

The company will use the proceeds to repay about $185 million in loans with the European Bank for Reconstruction and Development and repurchase about $92 million of the Company's 8.25 percent senior notes due 2012.

U.S.-listed shares of the Bermuda-based company rose 38 cents, or 1 percent, to $33.37 in late morning trading.