Cemex, S.A.B. de C.V. has announced that holders of US$178 509 000 of the outstanding Floating Rate Senior Secured Notes due 2018 issued by Cemex, US$218 932 000 of the outstanding 6.500% Senior Secured Notes due 2019 issued by Cemex and US$402 579 000 of the outstanding 9.375% Senior Secured Notes due 2022 issued by Cemex Finance LLC, tendered their Notes at or prior to the early tender deadline of 8:00 am, New York City time, on 9 May 2016, pursuant to Cemex’s previously announced cash tender offer to purchase up to US$400 000 000 of the outstanding Notes.
The Tender Offer is being made pursuant to the Offer to Purchase dated 25 April 2016 and the related letter of transmittal.
Because Notes in excess of the Aggregate Maximum Tender Amount have been validly tendered in the Tender Offer on or prior to the Early Tender Date, Cemex has accepted for purchase all US$178 509 000 of the tendered 2018 Notes, all US$218 932 000 of the tendered 2019 Notes and none of the tendered 2022 Notes. The early settlement date on which Cemex will make payment for such 2018 Notes and 2019 Notes accepted in the Tender Offer is expected to be 12 May 2016. Holders of Notes who tender after the Early Tender Date will not have any of their Notes accepted for purchase. Any tendered Notes that are not accepted for purchase will be returned or credited without expense to the holder’s account.
More details on the early tender results as of the Early Tender Date and the principal amount of Notes that Cemex has accepted for purchase can be found here.
Read the article online at: https://www.worldcement.com/the-americas/10052016/cemex-announces-early-tender-results-72/