DLA Piper represented Central European Media Enterprises Ltd. (CME) in a series of corporate finance transactions that closed on May 2, including a rights offering fully backstopped by Time Warner, CME’s largest shareholder; the issuance of $400 million of senior secured notes; the redemption of €272,972,000 of senior notes; a $115 million senior secured revolving credit facility; and a $30 million term loan.

CME is a media and entertainment company with operations throughout Central and Eastern Europe. CME operates a total of 35 television channels in the Czech Republic, Romania, Bulgaria, Croatia, the Slovak Republic and Slovenia.

DLA Piper has represented CME in a number of significant transactions since 2012, including two debt tender offers, a public equity offering and two high yield offerings.

The DLA Piper team was led by Jeffrey Potash and also included Penny Minna, Jamie Knox, Randi Bernstein, Sarah Ritter and Sarah Castle.