CEDC prices offering of notes due in 2016

AP News
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Posted: Nov 24, 2009 1:23 PM

A Central European Distribution Corp. subsidiary said Tuesday it priced its offering of senior secured notes due in 2016.

The subsidiary, called CEDC Finance Corporation International Inc., is selling $380 million of notes at a price of 99.366 percent with an annual interest rate of 9.125 percent.

Additionally, the company is selling 380 million euro principal amount of notes at a price of 99.361 percent with an interest rate of 8.875 percent.

The offer is expected to close on Dec. 2.

Shares of the Bala Cynwyd, Pa., company fell 32 cents to $30.01 in afternoon trading.