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CEMEX SAB de CV Announces Pricing of USD1 Billion in Senior Secured Notes

Tuesday, 6 Aug 2013 12:00am EDT 

CEMEX SAB de CV announced the pricing of USD1 billion of senior secured notes denominated in U.S. dollars. The Notes will bear interest at an annual rate of 6.5% and mature on December 10, 2019. The Notes will be issued at par and will be callable commencing on December 10, 2017. The closing of the offering is expected to occur on August 12, 2013. CEMEX intends to use the approximately USD995 million of net proceeds from the offering to purchase a portion of the 9.50% Senior Secured Notes due 2016 issued by CEMEX Finance LLC, 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 USD1,075 for each USD1,000 of 2016 Notes plus accrued interest. 

Company Quote

0.18 +1.49%
4:08pm EDT