2018 Euro Term Loan

Key Information

Terms & Conditions

Borrower Central European Media Enterprises Ltd.
Third Party Guarantor Time Warner Inc.
Drawdown date December 12, 2014
Currency EUR
Amount Isssued EUR 250.8 million
As at March 2, 2017 EUR 250.8 million
Maturity November 1, 2018
Coupon

Between 8.5% and 5%, depending on the net leverage ratio of Central European Media Enterprises Ltd. (Inclusive of guarantee fee payable to Time Warner, a portion of which may be paid in kind.)

Interest Payments Interest-quarterly (cash); Guarantee fee-semi-annually (partial PIK option)
1st Interest Payment Date March 12, 2015
Agreements    Credit Agreement exhibit 10.1 to the Form 8-K filed November 14, 2014
Second Amendment exhibit 10.3 to the Form 8-K filed February 22, 2016
Reimbursement Agreement exhibit 10.8 to the Form 8-K filed February 22, 2016
Amended Reimbursement Agreement exhibit 10.1 to the Form 8-K filed March 6, 2017
 

2019 Euro Term Loan

Key Information

Terms & Conditions

Borrower Central European Media Enterprises Ltd.
Third Party Guarantor  Time Warner Inc. 
Drawdown date November 13, 2015
Currency EUR
Amount Issued EUR 235.3 million
As at March 2, 2017 EUR 235.3 million
Maturity November 1, 2019
Coupon Between 8.5% and 5%, depending on the net leverage ratio of Central European Media Enterprises Ltd. (Inclusive of guarantee fee payable to Time Warner, a portion of which may be paid in kind.)
Interest Payments Interest-quarterly (cash); Guarantee fee-semi-annually (partial PIK option)
1st Interest Payment Date  February 16, 2016
Agreements Credit Agreement exhibit 10.1 to the Form 8-K filed October 1, 2015
First Amendment exhibit 10.4 to the Form 8-K filed February 22, 2016
Reimbursement Agreement exhibit 10.8 to the Form 8-K filed February 22, 2016
Amended Reimbursement Agreement exhibit 10.1 to the Form 8-K filed March 6, 2017

 

2021 EURO TERM LOAN

Key Information

Terms & Conditions

Borrower CME Media Enterprises B.V.
Third Party Guarantor  Time Warner Inc. 
Drawdown date April 7, 2016
Currency EUR
Amount Isssued EUR 468.8 million
As at March 2, 2017 EUR 468.8 million
Maturity February 19, 2021
Coupon Between 8.5% and 5%, depending on the net leverage ratio of Central European Media Enterprises Ltd. (Inclusive of guarantee fee payable to Time Warner, a portion of which may be paid in kind.)
Interest Payments Interest-quarterly (cash); Guarantee fee-semi-annually (partial PIK option)
1st Interest Payment Date July 7, 2016
Agreements Credit Agreement exhibit 10.1 to the Form 8-K filed February 22, 2016
Reimbursement Agreement exhibit 10.8 to the Form 8-K filed February 22, 2016
Amended Reimbursement Agreement exhibit 10.1 to the Form 8-K filed March 6, 2017

Debt structure

 

 

Revolving Credit Facility

Key Information

Terms & Conditions

Borrower Central European Media Enterprises Ltd.
Date May 2, 2014
Currency USD
Facility Limit US$ 115.0 million until December 31, 2017. US$ 50.0 million thereafter
Amount drawn as at March 2, 2017 US$ 0.0 million
Maturity February 19, 2021
Coupon

Between 10.0 and 7.0, depending on the net leverage ratio, (a portion of which may be paid in kind.)

Interest Payments Quarterly/Monthly (partial PIK option)
Agreements Amendment and Restatement Agreement exhibit A to the Form 8-K filed February 22, 2016