CEMEX intends to use the net proceeds from the offering of the Euro Notes for general corporate purposes, including the repayment of indebtedness under CEMEX’s Facilities Agreement, dated as of
If the U.S. Dollar Notes are issued, CEMEX intends to use the net proceeds from the offering of the U.S. Dollar Notes to purchase a portion of (i) the 9.000% Senior Secured Notes due 2018 issued by CEMEX (the “2018 CEMEX Dollar Notes”) and (ii) the 9.250% Senior Secured Notes due 2020, issued by CEMEX EspaÑa, S.A., acting through its Luxembourg branch (the “2020 CEMEX EspaÑa Dollar Notes”), with the 2018 CEMEX Dollar Notes having priority, and the remainder, if any, for general corporate purposes, including the repayment of indebtedness under the Facilities Agreement and/or other indebtedness, all in accordance with the Facilities Agreement. CEMEX currently expects that the purchase price of the 2018 CEMEX Dollar Notes would be approximately U.S.
The Euro Notes and any U.S. Dollar Notes would 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 would be guaranteed by CEMEX MÉxico,
This release is neither an offer to purchase nor a solicitation of an offer to sell or buy any securities of CEMEX in any transaction. Any offer to purchase the 2018 CEMEX Dollar Notes or the 2020 CEMEX EspaÑa Dollar Notes will be made solely on the terms and subject to the conditions set out in a separate offer to purchase directed to holders of the 2018 CEMEX Dollar Notes and the 2020 CEMEX EspaÑa Dollar Notes.
The Euro Notes, any U.S. Dollar Notes and the guarantees thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and they may not be offered or sold in
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. CEMEX assumes no obligation to update or correct the information contained in this press release.
Jorge PÉrez, +52 (81) 8888-4334
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- California King Fire Roars Out of Control
- Mercedes Rolls Out S550 Plug-in Hybrid
- Is Alibaba's IPO Price a Fairytale?
- Kardashian: Kanye Never Told Fan in Wheelchair to Stand Up
- SBA Kicks off Hispanic Heritage Month
- CalPERS Pulls Out of Hedge Funds
- Poverty Rate Drops for First Time Since 2006
- U.S. Tobacco Growers Lose Last of Price Supports
- Two-thirds of Hispanics Doubt Media Accuracy