Cemex reopens offering to restructure debt

Cemex has announced the pricing of a US$650million reopening of its 9% senior secured notes which will be due in 2018. The notes were originally offered in January and secured US$1billion. The company has said that it intends to use the funds raised for corporate purposes and to restructure debt outstanding under its 14 August 2009 financing agreement. Cemex has said that this will allow the business to continue addressing its debt maturities ahead of schedule.
March 27, 2012 Read time: 1 min

643 Cemex has announced the pricing of a US$650million reopening of its 9% senior secured notes which will be due in 2018. The notes were originally offered in January and secured US$1billion.

The company has said that it intends to use the funds raised for corporate purposes and to restructure debt outstanding under its 14 August 2009 financing agreement. Cemex has said that this will allow the business to continue addressing its debt maturities ahead of schedule.

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June 9, 2016

Cemex prices €400 million in senior secured notes

Cemex has announced the pricing of €400 million of 4.625% Senior Secured Notes due 2024 denominated in Euros (the Notes) of its indirect wholly-owned subsidiary, Cemex Finance.

The Notes will bear interest at an annual rate of 4.625% and mature on 15June, 2024, and will be

issued at a price of 100% of face value and will be callable commencing on 15 June, 2020.

The closing of the offering is expected to occur on 14 June, 2016, subject to satisfaction of customary closing conditions.

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March 30, 2012

Further falls for Cemex

Cemex has blamed lower sales in the US and Europe for drops in both net sales and profits in the second quarter of this year, compared to the same period in 2009. According to a statement from the company, sales were down 3% at US$3.8billion and EBITDA decreased to US$664million, down 13% on 2009 levels for the period between April and June.

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