CEMEX announced this week that it has entered into a new facilities agreement for a total amount of U.S.$4.05 billion, with twenty institutions.

The 2017 Credit Agreement will be used to refinance the U.S.$3.68 billion facilities agreement dated September 29, 2014, as amended and restated from time to time, and the remaining amount will be used for general corporate purposes, which may include debt repayment. CEMEX expects to fully cancel both drawn and undrawn amounts under the 2014 Credit Agreement by July 25, 2017.

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