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Published on 12/1/2008 in the Prospect News High Yield Daily.

CEVA Group subsidiary buys back €16 million more 10% notes due 2016

By Susanna Moon

Chicago, Dec. 1 - CEVA Group, plc said a subsidiary purchased about €16 million principal amount of its €225 million 10% senior subordinated notes due 2016 on Nov. 17.

Members of the group have acquired €64 million face value, or 28%, of the notes, according to a press release. They may purchase additional notes or other debt of the company or CEVA Investments, Ltd. from time to time.

Ashby de la Zouch, England-based CEVA Group is an Apollo Management portfolio company.


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