HAMILTON, Bermuda, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. (" CME") (Nasdaq:CETV) (Prague Stock Exchange:CETV) announced today that its wholly owned subsidiary CET 21 spol. s r.o. (" CET 21") has commenced a consent solicitation for CET 21's 9.0% Senior Secured Notes due 2017 (the " Notes"). CET 21 is soliciting consents to certain proposed amendments to the indenture governing the Notes. The principal purpose of the consent solicitation is to enhance the liquidity and operating cashflow position of CME and its restricted subsidiaries, including CET 21, by, in part, substituting certain cash pay indebtedness of CME with non-cash pay indebtedness of CME and undertaking other associated transactions.
Central European Media Enterprises Ltd. Announces Launch Of Consent Solicitation By Its Czech Subsidiary CET 21 Spol. S R.o. In Connection With CET 21 Spol. S R.o.'s 9.0% Senior Secured Notes Due 2017
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