Ceva refinances 1 bn euros of debt

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Ceva has completed the refinancing of more than one billion euros worth of debt. The debt was due to mature between 2014 and 2016 but will not now mature until 2018.

Ceva chief John Pattullo said: “As part of our ongoing strategy to take reasonable opportunities to extend our maturities as they arise and reduce our debt, this is an excellent example of how we are achieving this to increase our flexibility and ensure Ceva meets its growth aspirations and is able to support our customers’ supply chain needs.”

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