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Discretionary Beverage Business: Central European Distribution To Sell Notes

December 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Central European Distribution Corp. (CEDC – NASDAQ) said that it plans to offer, through a wholly-owned finance subsidiary of the company, EUR 50 million of its 8.875% euro-denominated senior secured notes due 2016.

CEDC said it plans to use the net proceeds from the notes offering to repay existing short-term debt under bank credit facilities of an operating subsidiary of CEDC.

The notes are additional notes and will constitute part of the same class as the existing euro 380 million of 8.875% senior secured notes due 2016 issued by the Issuer on December 2, 2009 and will have the same terms as the existing notes.

Pennsylvania-based Central European Distribution is a vodka producer whose key markets are in Poland, Russia and Hungary.

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