Vodka Maker Not Ready To Toast A1's Restructuring Deal

Law360, New York (March 26, 2013, 4:56 PM EDT) -- Polish vodka producer Central European Distribution Corp. on Tuesday rebuffed a prepackaged restructuring deal offer from the Russian investment group A1, despite the alcohol firm having missed a $258 million debt payment March 15.

CEDC on Tuesday seemed unimpressed with a $280 million cash offer floated by a consortium of A1, SPI Group — which owns Stolichnaya vodka — and Mark Kaufman of Monaco, saying the offer doesn't address 2013 bondholders whose notes matured last week, and upon which the company missed payment, according to SEC...
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