CEMEX Announces Expiration and Final Settlement of Its Tender Offer for 7.250% Senior Secured Notes Due 2021
October 28 2016 - 5:15PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today the
expiration of its previously announced cash tender offer (the
“Tender Offer”) to purchase up to U.S.$500 million of the 7.250%
Senior Secured Notes due 2021 issued by CEMEX (the “Notes”). The
Tender Offer expired at 11:59 p.m., New York City time, on October
27, 2016 (the “Expiration Date”). CEMEX has been advised by the
tender agent that as of the Expiration Date, a total of
U.S.$241,892,000 of the Notes had been validly tendered in the
Tender Offer, including U.S.$241,692,000 of validly tendered Notes
purchased by CEMEX on the early settlement date of October 19,
2016. CEMEX intends to accept all U.S.$200,000 additional Notes
validly tendered since 8:00 a.m., New York City time, on October
14, 2016 (the “Early Tender Date”) and at or prior to the
Expiration Date. Following completion of the Tender Offer,
U.S.$758,108,000 principal amount of the Notes are expected to
remain outstanding (including U.S.$31,382,000 aggregate principal
amount of Notes held by CEMEX).
Holders of the additional Notes that validly tendered after the
Early Tender Date and at or prior to the Expiration Date are
entitled to receive U.S.$1,045.00 per U.S.$1,000 principal amount
of the Notes accepted for purchase. The final settlement date on
which CEMEX will make payment for such additional Notes is expected
to be November 1, 2016 (the “Final Settlement Date”). Holders will
also receive accrued and unpaid interest on such additional Notes
from the last interest payment date to, but not including, the
Final Settlement Date.
BNP Paribas Securities Corp. and Credit Agricole Securities
(USA) Inc. acted as Dealer Managers for the Tender Offer. Global
Bondholder Services Corporation acted as Information Agent and
Tender Agent for the Tender Offer.
This release is neither an offer to purchase nor a solicitation
of an offer to sell or buy any securities in any transaction. The
Tender Offer was made pursuant to an offer to purchase and related
letter of transmittal, copies of which were delivered to holders of
the Notes, and which set forth the complete terms and conditions of
the Tender Offer.
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/20161028005805/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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