Reuters logo
a month ago
BRIEF-Central European Media Enterprises announces divestiture of assets
July 10, 2017 / 5:02 AM / a month ago

BRIEF-Central European Media Enterprises announces divestiture of assets

July 10 (Reuters) - Central European Media Enterprises Ltd :

* Central European Media Enterprises announces divestiture of assets to accelerate deleveraging

* Cash purchase price is EUR 230.0 million (approximately $262.5 million)

* Proceeds will be used to repay EUR 250.8 million term loan due 2018

* Deal to be accretive to CME's OIBDA margin as well as free cash flow,

* CME's current average borrowing cost expected to decrease 275 basis points to 4.5% on repayment of 2018 term loan Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below