CEMEX Prices U.S.$650 Million Reopening of 9.000% Notes Due 2018

Words: Margaret Foster/Public/News/20110730154000-1.jpg" width="600" height="338" border="0" alt="CEMEX recently announced the pricing of a U.S.$650 million reopening of its 9.000% Senior Secured notes." />
CEMEX recently announced the pricing of a U.S.$650 million reopening of its 9.000% Senior Secured notes.
CEMEX, S.A.B. de C.V. (CEMEX) (NYSE: CX) recently announced the pricing of a U.S.$650 million reopening of its 9.000% Senior Secured notes due 2018, which were originally issued on January 11, 2011 in the amount of U.S.$1 billion.

The additional U.S.$650 million of notes will be issued at a price of U.S.$97.616 per U.S.$100 principal amount, plus any accrued interest.

The closing of the offering is expected to occur on July 11, 2011, subject to satisfaction of customary closing conditions.

CEMEX intends to use the net proceeds from the offering for general corporate purposes and the repayment of indebtedness, including indebtedness outstanding under CEMEX´s Financing Agreement, dated August 14, 2009, as amended, all in accordance with CEMEX’s debt contracts. This transaction is intended to allow CEMEX to continue addressing its debt maturities ahead of schedule and to contribute to CEMEX’s objective of meeting the prepayment milestone under the Financing Agreement, in order to avoid incremental interest costs.

The Notes will share in the collateral pledged for the benefit of the lenders under the Financing Agreement and other secured obligations having the benefit of such collateral, and will be guaranteed by CEMEX Mexico, S.A. de C.V., CEMEX España, S.A. and New Sunward Holding B.V.

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 have not been and will not be registered with the National Securities Registry (Registro Nacional de Valores) maintained by the Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores, or CNBV) and may not be offered or sold, or otherwise be the subject of brokerage activities, in Mexico absent an exemption under article 8 of the mexican securities market law (Ley del Mercado de Valores). The information contained in the offering materials is exclusively the responsibility of CEMEX and has not been reviewed or authorized by the CNBV. The CNBV will be notified about the terms and conditions of the offer of the Notes for informational purposes only and such notification does not constitute a certification as to the investment value of the Notes or of the solvency of CEMEX.
Using Respirators for Silica Exposure
July 2025

Some in the masonry industry have expressed interest in respirator use as protection from harmful exposure to silica. This topic is of paramount importance due to its impact on our workers and the serious health effects of silica exposure. For those new t

From Bikes to Buildings: The Importance of Embracing Rainscreen Wall Designs and the New Building Codes.
July 2025

Have you ever been asked to do a project over the course of your lifetime? For example, when my kids were little, my wife asked me to assemble their bicycles. So, I opened the box, dumped out the contents, and cast aside whatever I thought was unnecessary

Laying the Foundation for Growth: Concrete Masonry Checkoff Unveils Five-Year Vision for Industry
July 2025

The Concrete Masonry Checkoff (CMC) put the finishing touches on an ambitious five-year vision for the industry, targeting a 20% increase in market share, driven by increased demand for concrete masonry products. “This is about building exquisite, enduri

Five of the Seven Chimneys Have Been Saved: Project Chimney Update
July 2025

In the wake of the devastating January wildfires that swept through Los Angeles's Pacific Palisades, a remarkable preservation effort is underway, spearheaded by Project Chimney, an initiative led by Evan Hall, founding director of the non-profit House Mu