Simpson Thacher Represents Initial Purchasers in Central European Media Enterprises Ltd. Convertible Notes Offering
03.28.08
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The Firm represented the initial purchasers, led by Lehman Brothers, Inc, J.P. Morgan Securities Inc. and Deutsche Bank Securities, Inc., in connection with a Rule 144A offering by Central European Media Enterprises Ltd. (“CME”) in March 2008 of $475 million aggregate principal amount of 3.50% Senior Convertible Notes due 2013 (including the full exercise of the initial purchasers’ over-allotment option). The Firm also represented certain affiliates of the initial purchasers in connection with capped call option transactions entered into by CME in connection with the offering.
CME’s common stock is listed on the Nasdaq Global Select Market and the Prague Stock Exchange under the ticker symbol “CETV”. CME is a TV broadcasting company with leading television networks in six Central and Eastern European countries reaching an aggregate of approximately 82 million people.
The Simpson Thacher team for the transaction included Gregory Conway, Aurelien Jolly, Marina Lin and Bradley Wilson of the London office and Roxane Reardon, Mark Brod and Steven Liang of the New York office (Capital Markets); Joyce Xu, Xavier Kowalski and Swati Lohia (Derivatives); Marcy Geller, Sima Gandhi and Jennifer Klein (Tax); Mark Lab (blue sky); and Andrew Bouta (Paralegal).