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CEVA Group Plc Announces Successful Completion of Recapitalization of its Balance Sheet and New Capital Raise

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CEVA Group Plc Announces Successful Completion of Recapitalization of its Balance Sheet and New Capital Raise Powered By Docstoc
					
				
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Description: LONDON--(BUSINESS WIRE)--CEVA Group Plc (“CEVA” or the “Company”), one of the world’s leading non-asset based supply chain management companies, announced today that it has successfully completed its previously announced recapitalization. Through the recapitalization, the Company has reduced its consolidated net debt by approximately €1.3 billion, reduced its cash interest expense by over €130 million and the Company has received cumulative new capital commitments of over €230 million for invest a style='font-si
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