Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CETV > SEC Filings for CETV > Form 8-K on 14-Mar-2014All Recent SEC Filings

Show all filings for CENTRAL EUROPEAN MEDIA ENTERPRISES LTD

Form 8-K for CENTRAL EUROPEAN MEDIA ENTERPRISES LTD


14-Mar-2014

Entry into a Material Definitive Agreement, Financial Stat


Item 1.01 Entry into a Material Definitive Agreement

On March 11, 2014, CET 21 spol. s r.o. ("CET 21"), Central European Media Enterprises Ltd. ("CME"), Central European Media Enterprises N.V. ("CME NV"), CME Media Enterprises B.V. ("CME BV"), CME Investments B.V., CME Slovak Holdings B.V., MARKÍZA-SLOVAKIA, spol. s r.o (all such parties other than CET 21, collectively, the "Guarantors") and Citibank, N.A., London Branch, as trustee (the "Trustee"), entered into the Second Supplemental Indenture (the "Second Supplemental Indenture") which supplements the Indenture, dated as of October 21, 2010, as supplemented by the First Supplemental Indenture, dated as of December 18, 2012 (as supplemented, the "Indenture"). Pursuant to the Second Supplemental Indenture, CET 21 and the Guarantors amended the Indenture so as to permit CME, CME NV and CME BV the flexibility to incur (i) the Transaction Related Indebtedness (as defined in the Second Supplemental Indenture) to enable CME to refinance in full its €272,972,000 aggregate principal amount of 11.625% Senior Notes due 2016 and for general corporate purposes and refinancing indebtedness in respect thereof, (ii) additional indebtedness under the Indenture in an amount up to €40.0 million (exclusive of paid-in-kind interest) for general corporate purposes and (iii) the Time Warner Revolving Credit Facility (as defined in the Second Supplemental Indenture), and to permit all such additional Indebtedness to be secured by the CME Collateral (as defined in the Indenture). In addition, pursuant to the Second Supplemental Indenture, CET 21 and the Guarantors (i) amended the last sentence of Section 6.2 of the Indenture to provide for the Trustee's obligation to automatically accelerate all amounts owing in respect of CET 21's 9.0% Senior Secured Notes due 2017 and declare them to be immediately due and payable and to cooperate with the other secured parties to exercise enforcement rights in connection with any other creditor party to the Existing Intercreditor Agreement (as defined in the Indenture) exercising its enforcement rights against the CME Collateral and
(ii) authorized the Trustee to enter into one or more related amendments to the Existing Intercreditor Agreement. As of the date of this filing, the closing of the transactions pursuant to which CME, CME NV and CME BV will incur the additional indebtedness described above has not yet occurred, and the closing of such transactions is subject to various conditions. There can be no assurances that these transactions will be closed.

Incorporation by Reference

The description of the Second Supplemental Indenture contained in this Current Report on Form 8-K is qualified in its entirety by reference to the complete text of the Second Supplemental Indenture, a copy of which is filed herewith as Exhibit 4.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits

ş (d)
ş Exhibits

Exhibit 4.1   Second Supplemental Indenture, dated as of March 11, 2014, among CET
              21 spol. s r.o., Central European Media Enterprises Ltd., Central
              European Media Enterprises N.V., CME Media Enterprises B.V., CME
              Investments B.V., CME Slovak Holdings B.V., MARKÍZA-SLOVAKIA, spol.
              s r.o and Citibank, N.A., London Branch, as trustee, which
              supplements the Indenture, dated as of October 21, 2010, as
              supplemented by the First Supplemental Indenture, dated as of
              December 18, 2012.


  Add CETV to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CETV - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.