Central European Media Enterprises (CME) has closed the sale of 200,000 shares for a total of $200 million (€152.5 million) to Time Warner.
The proceeds of this private placement, along with $100 million from CME’s public offering completed in May 2013, will be used to fund the repurchase or redemption of CME’s outstanding 11.625% senior notes, due 2016.
CME has broadcast interests in six Central and East European markets.
