This week CEMEX announced its intention to offer Senior Secured Notes denominated in Euros, subject to market and other conditions.

CEMEX intends to use the net proceeds from the offering of the Notes to fund the redemption of all or a portion of (i) U.S.$610,660,000 outstanding aggregate principal amount of the 6.500% Senior Secured Notes due 2019 issued by CEMEX on August 12, 2013 and/or (ii) €400,000,000 outstanding aggregate principal amount of the 4.750% Senior Secured Notes due 2022  issued by CEMEX on 11 September 2014, and the remainder, if any, for general corporate purposes, including to repay other indebtedness, all in accordance with CEMEX’s facilities agreement, dated as of 19 July 2017, entered into with several financial institutions. Pending such application, proceeds may also be applied to temporarily reduce amounts outstanding under the revolving credit facility tranche of the 2017 Credit Agreement or short-term bilateral facilities.

Read the complete press release:  http://cmx.to/2ieU5u6