The Notes will bear interest semi-annually at an annual rate of 3.875% and mature on 11 July 2031. The Notes will be issued at a price of 100.000% of face value and will be callable commencing on 11 July 2026. The closing of the offering is expected to occur on 12 January 2021, subject to the 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 other indebtedness, all in accordance with CEMEX’s facilities agreement, dated as of 19 July 2017 (as amended and/or restated on 2 April 2019, 4 November 2019, 22 May 2020 and 13 October 2020), entered into with several financial institutions.
The Notes will share in the collateral pledged for the benefit of the lenders under the facilities agreement and other secured obligations having the benefit of such collateral and will be guaranteed by CEMEX Concretos S.A. de C.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp., CEMEX Finance LLC, Cemex Africa & Middle East Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG and CEMEX UK.
