CEVA plans to repay and refinance the majority of its debt facilities in the coming months, it told investors today.
Following its announcement of reasonable first-quarter results this morning, it said it would primarily use proceeds from its recent IPO on the Swiss stock market of Sfr1.2bn ($1.19bn) to reduce debt, resulting “in a much stronger financial position”.
Deleveraging its debt would give the company “additional business opportunities with existing and new clients …
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Source: The Loadstar