Central European Media plans new loan for purchase by PPF Group

By Sara Rosenberg

New York, Oct. 28 – Central European Media Enterprises Ltd. has received a commitment for revolving and term loan facilities to help fund its acquisition by PPF Group NV, according to an 8-K filed with the Securities and Exchange Commission on Monday.

BNP Paribas Fortis, Credit Agricole CIB, Credit Suisse AG, HSBC France, Komercni Banka, Societe Generale and UniCredit Bank provided the debt commitment.

Other funds for the transaction will come from equity.

Under the agreement, Central European Media is being bought for $4.58 per share. The transaction is valued at about $2.1 billion.

Closing is expected around the middle of 2020, subject to the receipt of regulatory approvals and the satisfaction of customary conditions.

Central European Media is a Hamilton, Bermuda-based media and entertainment company.

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