Thursday, 12 July 2007

Leon Black's Ceva Plans $1.4 Billion Bond Sale for EGL Buyout, Banker Says

(Bloomberg) -- Ceva Group Plc, the logistics company
owned by Leon Black's Apollo Management LP, plans to raise $1.4
billion by selling bonds in dollars and euros to help finance its
purchase of freight transport company EGL Inc., said a banker
working on the transaction.

The senior notes will mature in eight years and can be
redeemed after four years, said the banker, who declined to be
identified because the deal isn't completed. The sale will take
place after presentations beginning next week in Europe and
ending in the U.S. on July 27, the banker said.


Read more at Bloomberg Bonds News

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