CEMEX announced this week that the pricing of U.S.$1.0 billion of its 7.375% Senior Secured Notes due 2027 denominated in U.S. Dollars.

The Notes will bear interest semi-annually at an annual rate of 7.375% and mature on 5^th June 2027. The Notes will be issued at a price of 100.000% of face value and will be callable commencing on 5^th June 2023. The closing of the offering is expected to occur on 5^th June 2020, subject to satisfaction of customary closing conditions.

CEMEX intends to use the net proceeds from the offering of the Notes for general corporate purposes, including to repay other indebtedness, all in accordance with CEMEX’s facilities agreement, dated as of 19^th July 2017 (as amended and/or restated on 2^nd April 2019, 4^th November 2019 and 22^nd May 2020, the “Facilities Agreement”), entered into with several financial institutions.

The Notes will share in the collateral pledged for the benefit of the lenders under the Facilities Agreement and other secured obligations having the benefit of such collateral, and will be guaranteed by CEMEX Concretos, S.A. de C.V., New Sunward Holding B.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp., CEMEX Finance LLC, Cemex Africa & Middle East Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG and CEMEX UK.

This release is neither an offer to purchase nor a solicitation of an offer to sell or buy any securities of CEMEX in any transaction.