Central European Media Enterprises draws on credit facilities

By Sara Rosenberg

New York, Feb. 25 - Central European Media Enterprises Ltd. drew down the remaining €125 million under its credit facility on Feb. 2, according to a 10-K filed with the Securities and Exchange Commission on Wednesday.

In addition, on Feb. 19, CET 21 drew the full CZK 1.2 billion of its credit facility and Pro Plus drew the full €26.3 million available under its five-year revolver.

These draws were made in order to assure the continued availability of the funds in light of renewed concerns over the solvency of credit providers in the region.

Central European Media Enterprises is a Hamilton, Bermuda-based investor, developer and operator of commercial television channels.

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