CEMEX announced this week that it has successfully closed the amendment process under its facilities agreement, dated as of 19th July 2017, as amended and restated from time to time (the “Facilities Agreement”), entered into with several financial institutions.
As part of this amendment to the Facilities Agreement, CEMEX is extending approximately U.S.$1.1 billion of term loan maturities by three years, from 2022 to 2025, and approximately U.S.$1.1 billion of commitments under the revolving credit facility by one year from 2022 to 2023. In addition, CEMEX will prepay about U.S.$530 million corresponding to the July 2021 amortisation under the Facilities Agreement to those institutions participating in the extension. This transaction improves CEMEX’s debt profile resulting in no relevant debt maturities through July 2023.
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