Cemex, S.A.B. de C.V. has announced that it has commenced a tender offer to purchase up to US$450 million of the outstanding 9.375% Senior Secured Notes due 2022 issued by Cemex Finance LLC, subject to possible proration as described in Cemex’s Offer to Purchase dated 29 June 2016.
Proration of the Notes will be determined in accordance with the terms of the Tender Offer. If Cemex purchases any Notes in the Tender Offer, Notes tendered at or prior to 8:00 am, New York City time, on 14 July 2016, will be accepted for purchase in priority to other Notes tendered after the Early Tender Date. If at the Early Tender Date the aggregate principal amount of Notes validly tendered exceeds the Aggregate Maximum Tender Amount, Cemex reserves the right, at its option, not to accept any additional Notes tendered by holders of Notes after the Early Tender Date.
Read the article online at: https://www.worldcement.com/the-americas/30062016/cemex-announces-tender-offer-senior-secured-notes-431/