Company Website:
http://www.cemex.com
MONTERREY, Mexico -- (Business Wire)
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today the expiration
of its previously announced cash tender offer (the “Tender Offer”) to
purchase up to U.S.$500 million of the 7.250% Senior Secured Notes due
2021 issued by CEMEX (the “Notes”). The Tender Offer expired at 11:59
p.m., New York City time, on October 27, 2016 (the “Expiration Date”).
CEMEX has been advised by the tender agent that as of the Expiration
Date, a total of U.S.$241,892,000 of the Notes had been validly tendered
in the Tender Offer, including U.S.$241,692,000 of validly tendered
Notes purchased by CEMEX on the early settlement date of October 19,
2016. CEMEX intends to accept all U.S.$200,000 additional Notes validly
tendered since 8:00 a.m., New York City time, on October 14, 2016 (the
“Early Tender Date”) and at or prior to the Expiration Date. Following
completion of the Tender Offer, U.S.$758,108,000 principal amount of the
Notes are expected to remain outstanding (including U.S.$31,382,000
aggregate principal amount of Notes held by CEMEX).
Holders of the additional Notes that validly tendered after the Early
Tender Date and at or prior to the Expiration Date are entitled to
receive U.S.$1,045.00 per U.S.$1,000 principal amount of the Notes
accepted for purchase. The final settlement date on which CEMEX will
make payment for such additional Notes is expected to be November 1,
2016 (the “Final Settlement Date”). Holders will also receive accrued
and unpaid interest on such additional Notes from the last interest
payment date to, but not including, the Final Settlement Date.
BNP Paribas Securities Corp. and Credit Agricole Securities (USA) Inc.
acted as Dealer Managers for the Tender Offer. Global Bondholder
Services Corporation acted as Information Agent and Tender Agent for the
Tender Offer.
This release is neither an offer to purchase nor a solicitation
of an offer to sell or buy any securities in any transaction. The Tender
Offer was made pursuant to an offer to purchase and related letter of
transmittal, copies of which were delivered to holders of the Notes, and
which set forth the complete terms and conditions of the Tender Offer.
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties, and
assumptions. No assurance can be given that the transactions described
herein will be consummated or as to the ultimate terms of any such
transactions. CEMEX assumes no obligation to update or correct the
information contained in this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005805/en/
Contacts:
CEMEX, S.A.B. de C.V.
Media Relations:
Jorge Pérez, +52
(81) 8888-4334
mr@cemex.com
or
Investor
Relations:
Eduardo Rendón, +52 (81) 8888-4256
ir@cemex.com
or
Analyst
Relations:
Lucy Rodriguez, +1 (212) 317-6007
ir@cemex.com
Source: CEMEX, S.A.B. de C.V.
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