Central European Media Enterprises pays down all revolver borrowings

By Angela McDaniels

Tacoma, Wash., Oct. 27 – Central European Media Enterprises Ltd. repaid its revolving credit facility due 2017 in full, according to the company’s third-quarter 10-Q filing with the Securities and Exchange Commission.

Following the $26.1 million repayment, which was made in June, the company had no borrowings outstanding under the $115 million revolver.

The interest rate on the revolver is Libor plus 900 basis points with a 1% Libor floor.

Hamilton, Bermuda-based Central European Media Enterprises provides programming in Eastern European countries.

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