CEMEX Announces Pricing of €400 Million in Senior Secured Notes
June 08 2016 - 7:56PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today the
pricing of €400 million of 4.625% Senior Secured Notes due 2024
denominated in Euros (the “Notes”) of its indirect
wholly-owned subsidiary, CEMEX Finance LLC.
The Notes will bear interest at an annual rate of 4.625% and
mature on June 15, 2024. The Notes will be issued at a price of
100% of face value and will be callable commencing on June 15,
2020. The closing of the offering is expected to occur on June 14,
2016, subject to satisfaction of customary closing conditions.
CEMEX intends to use the net proceeds from the offering of the
Notes for general corporate purposes, including to repay
indebtedness, all in accordance with CEMEX’s facilities agreement,
dated as of September 29, 2014, as amended and restated (the
“Credit Agreement”) entered into with several financial
institutions. CEMEX may use such proceeds to reduce the revolving
tranche of the Credit Agreement.
The Notes will share in the collateral pledged for the benefit
of the lenders under the Credit Agreement and other secured
obligations having the benefit of such collateral, and will be
guaranteed by CEMEX, CEMEX México, S.A. de C.V., CEMEX Concretos,
S.A. de C.V., Empresas Tolteca de México, S.A. de C.V., New Sunward
Holding B.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp.,
Cemex Egyptian Investments B.V., Cemex Egyptian Investments II
B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG, Cemex
Shipping B.V. and CEMEX UK.
The Notes and the guarantees thereof have not been and will
not be registered under the U.S. Securities Act of 1933, as amended
(the “Securities Act”), or any state securities laws, and they may
not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the
Securities Act. The Notes are being offered only to qualified
institutional buyers pursuant to Rule 144A and outside the United
States pursuant to Regulation S, both as promulgated under the
Securities Act.
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. No assurance can be given that the transactions
described herein will be consummated or as to the ultimate terms of
any such transactions. CEMEX assumes no obligation to update or
correct the information contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160608006579/en/
CEMEX, S.A.B. de C.V.Media Relations:Jorge Pérez,
+52(81) 8888-4334mr@CEMEX.comorInvestor Relations:Eduardo
Rendón, +52(81) 8888-4256ir@CEMEX.comorAnalyst
Relations:Lucy Rodriguez, +1(212)
317-6007ir@CEMEX.com
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