CEMEX Announces Offering of Senior Secured Notes
08 June 2016 - 5:54PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
CEMEX Finance LLC (the “Issuer”), an indirect wholly-owned
subsidiary of CEMEX, intends to offer senior secured notes
denominated in Euros (the “Notes”), subject to market and other
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 will be 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/20160608005558/en/
CEMEX, S.A.B. de C.V.Media RelationsJorge Pérez,
+52(81) 8888-4334mr@CEMEX.comorInvestor RelationsEduardo
Rendón, +52(81) 8888-4256ir@CEMEX.comorAnalyst
RelationsLucy Rodriguez, +1-212-317-6007ir@CEMEX.com
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