HAMILTON, Bermuda, March 12, 2014 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. (" CME") (Nasdaq:CETV) (Prague Stock Exchange:CETV) announced today that, as of 5:00 p.m., New York City time, on March 11, 2014 (the " Expiration Time"), its wholly owned subsidiary CET 21 spol. s r.o.'s (" CET 21") consent solicitation for CET 21's 9.0% Senior Secured Notes due 2017 (the " Notes") expired. CET 21 received validly delivered (and not validly revoked) consents to the proposed amendments to the indenture governing the Notes (the " Indenture") from holders of not less than a majority in aggregate principal amount of the outstanding Notes (the " Requisite Consents"). Following receipt of the Requisite Consents, CET 21, the guarantors under the Indenture and Citibank, N.A., London Branch, the trustee under the Indenture, executed a second supplemental indenture (the " Supplemental Indenture") to the Indenture in order to effect the proposed amendments to the Notes and the Indenture, as provided in CET 21's Consent Solicitation Statement, dated February 28, 2014 (the " Consent Solicitation Statement"). The proposed amendments became effective upon entry into the Supplemental Indenture.
Central European Media Enterprises Ltd. Announces Receipt Of Requisite Consents And Expiration Of Consent Solicitation For CET 21 Spol. S R.o.'s 9.0% Senior Secured Notes Due 2017
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