MT. LAUREL, N.J., March 4, 2013 /PRNewswire/ -- Central
European Distribution Corporation (NASDAQ: CEDC) confirmed today
that it has received a proposal for a financial restructuring of
CEDC and CEDC Finance Corporation International, Inc. ("CEDC
FinCo") from Roust Trading Ltd. ("Roust Trading") that is also
supported by certain beneficial owners of the $380 million 9.125% senior secured notes and €430
million 8.875% senior secured notes, each due 2016 issued by CEDC
FinCo (the "2016 Steering Committee").
CEDC is evaluating this proposal and expects to make a final
determination on its merits within the coming days. In the interim,
CEDC's advisors are working with the advisors to Roust Trading and
the 2016 Steering Committee to position CEDC to implement a revised
consensual transaction consistent with the timing described in the
offering memorandum distributed by CEDC in respect of the exchange
offers launched on February 25,
2013.
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation of an offer to sell the
notes or any other securities of CEDC.
Contacts:
Sitrick And Company
Thomas Mulligan
thomas_mulligan@sitrick.com
+1 212 573 6100
Central European Distribution Corporation
Anna Zaluska
Corporate PR Manager
+48 22 456 6061
SOURCE Central European Distribution Corporation