Cemex has announced that holders of US$592 520 000 of the outstanding 9.000% Senior Secured Notes due 2018 issued by Cemex and US$365 146 000 of the outstanding 9.250% Senior Secured Notes due 2020 issued by Cemex España, S.A., acting through its Luxembourg Branch, tendered their Notes at or prior to the early tender deadline of 5:00 p.m., New York City time, on 17 September 2014, pursuant to Cemex’s previously announced cash tender offer to purchase up to US$1175 million of the outstanding Notes. The Tender Offer is being made pursuant to the Offer to Purchase dated 4 September 2014 and the related letter of transmittal.
Cemex has accepted for purchase all US$592 520 000 of the 2018 Notes and all US$365 146 000 of the 2020 Notes validly tendered on or prior to the Early Tender Date. The early settlement date on which Cemex will make payment for such 2018 Notes and 2020 Notes accepted in the Tender Offer is expected to be 18 September 2014.
Full details of the announcement can be found here.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/18092014/financial-news-update-from-mexican-cement-producer-cemex-514/