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.
Cemex intends to use the approximately US$995 million of net proceeds from the offering to purchase a portion of the 9.5% Senior Secured Notes due 2016 issued by Cemex Finance, and the remainder, if any, for general corporate purposes, including the repayment of other indebtedness. Cemex currently expects to purchase a portion of the 2016 Notes at a price of approximately US$1,075 for each US$1,000 of 2016 Notes plus accrued interest.
The Notes will share in the collateral pledged for the benefit of the lenders under Cemex’s Facilities Agreement, dated as of 17 September, 2012, and other secured obligations having the benefit of such collateral, and will be guaranteed by Cemex México; Cemex Concretos; Empresas Tolteca de México; New Sunward Holding; Cemex España; Cemex Asia; Cemex Corp; Cemex Egyptian Investments; Cemex Egyptian Investments II; Cemex France Gestion; Cemex Research Group; Cemex Shipping, and Cemex UK.
