Cemex increases new bank loan to $$1.87bn

Cemex has revealed that it has received US$515 million of commitments from banks that have agreed to join the credit agreement entered into on 30 September, 2014. Following the completion of customary closing conditions, the banks that provided the new commitments will accede the Credit Agreement as additional lenders, increasing the total amount of the Credit Agreement from $1.35 billion to $1.87 billion. The incremental amount raised will be applied to partially prepay the Facilities Agreement date

November 6, 2014 Read time: 1 min

643 Cemex has revealed that it has received US$515 million of commitments from banks that have agreed to join the credit agreement entered into on 30 September, 2014.

Following the completion of customary closing conditions, the banks that provided the new commitments will accede the Credit Agreement as additional lenders, increasing the total amount of the Credit Agreement from $1.35 billion to $1.87 billion.

The incremental amount raised will be applied to partially prepay the Facilities Agreement dated 17 September 17, 2012 and to pay other debt.

After the prepayment of the Facilities Agreement, the remaining outstanding amount under this facility will be reduced to approximately $2.05 billion, scheduled to mature in 2017.

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Cemex

Cemex successfully completes refinancing

Cemex has successfully completed its previously announced refinancing of its Financing Agreement, dated 14 August, 2009, as amended. Fernando Gonzalez, executive vice president of finance and administration of Cemex, said: “Cemex is pleased to have accomplished this significant milestone, with support from over 55 banks and institutions. We intend to continue to proactively address our maturities and work towards reducing our leverage and strengthening our capital structure.”

October 8, 2012

Cemex announces pricing of US $ 1.5 billion in senior secured notes

Cemex has announced the pricing of US $ 1.5 billion in senior secured US dollar notes. The notes being issued by Cemex Finance LLC will bear interest at an annual rate of 9.375% and mature in 2022. Cemex says they will be issued at par and will be callable commencing on their 5th anniversary. The closing of the offering is expected to occur on October 12, 2012, subject to satisfaction of customary closing conditions.

October 19, 2020

CEMEX extends bank agreement to finance US$3.2bn in 'green' commitments

CEMEX says it has successfully extended its Facilities Agreement with several financial institutions. The construction materials supplier says the extended agreement has now become one of the largest sustainability-linked loans in the world, incorporating about US$3.2bn of "green" commitments.

October 15, 2012

CEMEX’s Q3 2012 sales increase 2%

August 7, 2013

Cemex announces pricing of US$1 billion in senior secured notes

Cemex has announced today the pricing of US$1 billion of senior secured notes denominated in US dollars. The Notes will bear interest at an annual rate of 6.5% and mature on December 10, 2019, and will be issued at par and will be callable commencing on December 10, 2017. The closing of the offering is expected to occur on 12 August, 2013, subject to satisfaction of customary closing conditions

April 4, 2019

CEMEX closes US$1.1bn credit agreement extension

CEMEX says that it has successfully closed a US$1.1bn maturities extension as part of its 2017 Credit Agreement with several financial institutions.

As part of the amendment process, CEMEX is extending the approximately US$1.1bn of maturities by 3 years, representing on aggregate 92% of the July 2020 and January 2021 maturities under the 2017 Credit Agreement.

The building materials giant says the extension means that it currently does not have any relevant debt maturities until July 2021, aside from