Central European to repay 11 5/8% notes due 2016 via stock offering

By Tali David

Minneapolis, April 29 - Central European Media Enterprises Ltd. plans to fund the repurchase or redemption of a portion of its 11 5/8% senior notes due 2016 with the proceeds from a common stock offering, according to a press release.

The remainder of the net proceeds will be used for general corporate purposes.

London-based Central European Media provides television broadcasts in Central and Eastern Europe.

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