MT. LAUREL, N.J., Aug. 10, 2012 /PRNewswire/ -- Central European Distribution Corporation (NASDAQ: CEDC) has successfully completed its consent solicitation announced on August 2, 2012 (the "Consent Solicitation"), with respect to the 9.125% Senior Secured Notes due 2016 and 8.875% Senior Secured Notes due 2016 (together, the "Notes") issued by CEDC Finance Corporation Inc. The purpose of the Consent Solicitation was to obtain a waiver (the "Waiver") up to and including November 12, 2012, of any and all defaults and events of default, and the consequences thereof, that may have occurred or may occur under Section 4.14 (Reports) of the indenture governing the Notes (the "Indenture") including any default that would result if CEDC fails to file its Quarterly Report on Form 10-Q for the financial quarter ended June 30, 2012. Today, August 10, 2012, CEDC Finance Corporation Inc. confirmed to the Trustee of the Notes, Deutsche Trustee Company Limited, that the valid consents from holders representing at least a majority in aggregate principal amount of the outstanding Notes had been received by CEDC and not withdrawn and therefore the waiver is effective. The waiver binds all holders of Notes and their transferees. Houlihan Lokey and Knight were solicitation agents for the consent solicitation. The solicitation was made solely pursuant to CEDC's consent solicitation statement dated August 2, 2012. About Central European Distribution Corporation CEDC is one of the world's largest producers of vodka and Central and Eastern Europe's largest integrated spirit beverage company. CEDC produces the Green Mark, Absolwent, Zubrowka, Bols, Parliament, Zhuravli, Royal and Soplica brands, among others. CEDC exports its products to many markets around the world, including the United States, England, France and Japan. CEDC also is a leading importer of alcoholic beverages in Poland, Russia and Hungary. In Poland, CEDC imports many of the world's leading brands, including Carlo Rossi Wines, Concha y Toro wines, Metaxa Liqueur, Remy Martin Cognac, Sutter Home wines, Grant's Whisky, Jagermeister, E&J Gallo, Jim Beam Bourbon, Sierra Tequila, Teacher's Whisky, Campari, Cinzano, and Old Smuggler. CEDC is also a leading importer of premium spirits and wines in Russia with brands such as Concha y Toro, among others. ContactJim ArchboldInvestor Relations OfficerCentral European Distribution Corporation856-273-6980 Anna ZaluskaCorporate PR ManagerCentral European Distribution Corporation48-22-456-6061
Central European Distribution (Nasdaq:CEDC) hit a new 52-week low Thursday as it is currently trading at $2.73, below its previous 52-week low of $2.75 with 347,910 shares traded as of 11 a.m. ET. Average volume has been 915,600 shares over the past 30 days.