Cemex announces the reopening and placement of its sustainability-linked long-term notes

The settlement is expected to occur on 20 February 2024, subject to satisfaction of customary closing conditions.

The reopening and placement of the Notes was made for the two available series: the first one was executed with respect to the issuance with ticker symbol CEMEX 23L for an amount of $2 billion Mexican pesos with an approximately 2.6-year tenor at a floating annual interest rate of TIIE 28 plus 0.45%, and the second one was executed with respect to the issuance with ticker symbol CEMEX 23-2L for an amount of $3.5 billion Mexican pesos with an approximately 6.6-year tenor at an annual yield of 10.66%. The Notes are guaranteed by Cemex Concretos, S.A. de C.V., Cemex Operaciones México, S.A. de C.V., Cemex Corp. and Cemex Innovation Holding Ltd.

The net proceeds from the reopening of these issuances will be used to pay down debt, aiming to accelerate Cemex’s path to investment grade credit ratings.

Certain financial terms of the Notes are linked to compliance with the scope 1 and scope 2 net carbon emissions indicator, in accordance with Cemex’s Sustainability-Linked Financing Framework (the “Framework”). Morningstar Sustainalytics, a global leader in ESG research and data, issued a second-party opinion relating to this Framework.

This press release does not constitute an offer to acquire, nor a solicitation of an offer to sell or purchase any securities of Cemex in any transaction.

The Notes and their guarantees have not been, and will not be, registered under the provisions of the United States Securities Act of 1933, as amended (the 'Securities Act') or any state securities law, nor they will be offered or sold in the United States of America.

This press release does not constitute an offer to sell or a solicitation of an offer to sell or an announcement regarding the Notes in any province or territory of Canada.

The Notes are not intended to be offered, sold, distributed, or otherwise made available in any other form, and shall not be offered, sold, distributed, or otherwise made available to any investor in the European Economic Area.

The Notes are not intended to be offered, sold, distributed or otherwise made available in any other form, and shall not be offered, sold, distributed, or otherwise made available to any investor in the United Kingdom.

Read the article online at: https://www.worldcement.com/the-americas/19022024/cemex-announces-the-successful-reopening-and-placement-of-its-sustainability-linked-long-term-notes/