London, UK – 29 November 2010 – CEVA Group Plc (“CEVA”), a leading global supply chain management provider, announced today it is seeking to amend its senior secured credit facilities to, among other things, allow CEVA to agree with individual lenders to extend maturities and such other modifications that may be required to the economic terms to facilitate such an extension. Contingent upon, and as a condition of, the amendment, CEVA intends to prepay a portion of the outstanding loans and commitments under its senior secured credit facilities with the proceeds of an expected offering of new first lien senior secured notes, subject to market and other conditions.
This announcement shall not constitute an offer to purchase or a solicitation of an offer to sell any securities. The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States absent registration except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws or in other jurisdictions in which the making of such an offer or sale would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
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