CEVA to present €250 million 10-year holdco PIK loan Wednesday

By Paul A. Harris

St. Louis, Jan. 30 - Louis Topco Ltd., the Netherlands-based holding company for CEVA Logistics, will host an investor presentation at 1 p.m. GMT on Wednesday for its €250 million PIK loans due June 2017.

The loans, which will price at 99.00, will be exchangeable into notes.

Credit Suisse is the bookrunner.

The loans mature six months after the company's existing senior subordinated notes. The loans become callable after six months at 103.

Proceeds will be used to fund a dividend payment.

CEVA was formed in the fourth quarter of 2006 when TNT NV sold its logistics division to Apollo Management LP.

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