London, UK – 15 October 2009 – CEVA Group Plc announces that its Quarter Three Results for 2009 will be communicated to the market on 19 November 2009.
Ahead of the Quarter Three results, CEVA is advising that the business has seen the market continue along a similar trend in all markets as witnessed in Quarter Two 2009. Based on these current trends, CEVA currently expects Quarter Three 2009 revenue will be in the range of €1.3 - €1.4 billion and EBITDA before specific items to be between €66 million to €70 million (compared to Quarter Two 2009 revenues and EBITDA before specific items of €1.3bn billion and €69 million, respectively).
On 6 October 2009, CEVA successfully completed a private placement offering of $210 million of its new 11-5/8% senior secured notes due 2016. CEVA received net proceeds of approximately $196 million from the offering of the new notes and intends to use such net proceeds for general corporate purposes. The new notes are secured by a lien on the collateral that is junior to the lien securing CEVA's credit facilities and senior to the lien securing CEVA's existing second-priority senior secured notes.
Rebecca Salt - CEVA Group Marketing & Communications
+44 (0)20 8755 5021