Thursday, Central European Distribution Corp. (CEDC) commenced a public offering of 9.5 million shares of its common stock. The underwriters have been granted an option by the company to purchase up to an additional 950 thousand shares.
Concurrently with the Offering, the company is proposing to offer approximately $870.0 million aggregate principal amount of U.S. dollar and euro-denominated senior secured notes due 2016 in an offering to institutional investors. The completion of the offering is not conditioned upon the completion of the concurrent offering of Senior Secured Notes.
The company intends to use the net proceeds from the Offering and the concurrent offering of Senior Secured Notes to purchase the remaining equity interests in Russian Alcohol Group from funds managed by Lion Capital LLP, to repay all amounts outstanding under the Russian Alcohol credit facilities and to call for redemption all of the Company's outstanding senior secured notes due 2012 and to repay amounts outstanding under an existing credit facility at one of the Company's operating subsidiaries.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.