Roust extends exchange offer for Central European 3% convertibles

By Jennifer Chiou

New York, April 24 - Roust Trading Ltd. announced the extension of its private offer to exchange new notes and pay cash for the 3% convertible senior notes due 2013 of Central European Distribution Corp.

The offer will end at 5 p.m. on May 13, pushed back from 11:59 p.m. ET on April 25.

As of 5 p.m. ET on April 24, holders had validly tendered $45,647,000 of the convertibles.

For each $1,000 principal amount of notes, the company is offering $193.17 principal amount of new senior secured PIK toggle notes due 2016 and $160.97 in cash.

According to a news release, the purpose of the extension is to align the offer's expiration date with the scheduled confirmation hearing date for CEDC's amended and restated joint prepackaged Chapter 11 plan of reorganization.

The company plans to continue to extend the offer's expiration to be in line with the effective date of the plan of reorganization.

Garden City Group, Inc. is the information agent (202 470-4571 or 866 256-1123).

Warsaw-based Central European Distribution is a producer of alcoholic beverages.

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