CEMEX has announced the pricing of €400 million of its 3.125% senior secured notes, due 2026 and denominated in euros.
The notes will bear interest at an annual rate of 3.125% and mature on 19 March 2026. They will be issued at a price of 100% of face value and will be callable commencing on 19 March 2022. The closing of the offering is expected to occur on 19 March 2019, subject to the satisfaction of customary closing conditions.
In accordance with the company’s facilities agreement from 19 July 2017, and entered into with several financial institutions, the company aims to use the net proceeds from the offering of the notes for general corporate purposes, including to repay other indebtedness.
The notes will share in the collateral pledged for the benefit of the lenders under the 2017 Credit Agreement and other secured obligations having the benefit of such collateral. It will be guaranteed by CEMEX México, CEMEX Concretos, Empresas Tolteca de México, New Sunward Holding, CEMEX España, CEMEX Asia, CEMEX Corp., CEMEX Finance, CEMEX Africa and Middle East Investments, CEMEX France Gestion, CEMEX Research Group, and CEMEX UK.
The company has noted that 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.
Read the article online at: https://www.worldcement.com/the-americas/13032019/cemex-announces-pricing-of-senior-secured-notes/