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- CEVA’s EUR 300 million 5.25% Senior Notes due 2025 were repaid and cancelled in full, following the completion of the Tender Offer, on 9 July 2019, and the redemption of the remaining Notes on 22 July 2019. The price paid was 101% of principal plus accrued interest.
- On 5 July 2019, CEVA entered into a new EUR 297 million Bridge Facility provided by three banks, which was subsequently drawn on 9 July 2019 to fund the Tender Offer of the 5.25% Senior Notes. The initial maturity is 12 months, but in the event that it is not refinanced by that date, the borrowing will be converted into term loans with a maturity no earlier than 3 August 2025.
- Repayments for Term Loan B are 0.25% of the original principal balance payable on the last day of the quarter commencing with the quarter ending 30 September 2019.