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.
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 29 September, 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; Cemex Concretos; Empresas Tolteca de México; New Sunward Holding; Cemex España; Cemex Asia Cemex Corporation; Egyptian Investments Cemex Egyptian Investments II; Cemex France Gestion; Cemex Research Group; Cemex Shipping, and Cemex UK.
The Notes and the guarantees thereof have not been and will not be registered under the US
Securities Act of 1933, as amended, 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 are being offered only to qualified institutional buyers and outside the United States pursuant to Regulation S, as promulgated under the Securities Act.
