The proposed extension of the existing long-term bank financing to CME will support further development and restructuring of this TV broadcasting group with proceeds to be used for capital expenditures and acquisitions in the operating TV stations in the Ukraine and Romania.
The project will enable CME to enhance and extend its operations and operational efficiency in the Ukraine and Romania.= It will support the development of competitive TV broadcasting markets and stimulate corporate restructuring of the Company’s businesses in those countries. The project is also expected to have a positive impact on the development of local TV production industries.
CME is a NASDAQ-listed company and the leading TV broadcasting group in the CEE region with operations in Croatia, Czech Republic, Romania, Slovenia, Slovakia and Ukraine.
EBRD debt financing of EUR 25 million alongside two commercial banks under a EUR 50 million EBRD “A/B” loan structure. This financing is an extension of the existing EUR 100 million EBRD ”A/B” loan, which will bring the total EBRD financing to EUR 75 million under both loans.
EUR 50 million.
Screened C1. The project is unlikely to be associated with any significant environmental issues. The corporate environmental audit has confirmed legal compliance of the Sponsor and examined environmental implications of the proceeds. The Sponsor will be required to ensure that sub-projects comply with, at a minimum, national environmental, health, safety and labour standards and requirements as well as good international practice and to submit annual reports on environment, health and safety issues.
Romana Tomasova, Director of Corporate Communications
Central European Media Enterprises
Tel: +44 (0)20 7430 5430
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