CEMEX, S.A.B. de C.V. Announces Issue A Notice of Full Redemption with Respect to Its 7.750% Senior Secured Notes Due 2026
January 14, 2021 at 06:06 am EST
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CEMEX, S.A.B. de C.V. informed the Mexican Stock Exchange that it issued a notice of full redemption with respect to its 7.750% Senior Secured Notes due 2026. The aggregate principal amount of the 2026 Notes being redeemed is USD 1,000,000,000, which represents the total aggregate principal amount of 2026 Notes outstanding as of the date of this report. The 2026 Notes are expected to be fully redeemed on February 16, 2021 at a redemption price equal to the greater of (1) 100% of the principal amount of such 2026 Notes and (2) the sum of the present value of 103.875% of the principal amount of such 2026 Notes plus each remaining scheduled payment of interest thereon during the period between the Redemption Date and April 16, 2021 (exclusive of interest accrued to the Redemption Date), in each of cases (1) and (2) above, discounted to the Redemption Date in accordance with the indenture governing the 2026 Notes, plus, in each case, any accrued and unpaid interest on the principal amount of the 2026 Notes, if any, to the Redemption Date.
Cemex SAB de CV is a Mexico-based operating and holding company primarily engaged, directly or indirectly, through subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other globally provided construction materials. The construction-related services supply customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Puerto Rico, Thailand and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
CEMEX, S.A.B. DE C.V. 
