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.
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