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    CEMEX CPO   MXP225611567

CEMEX, S.A.B. DE C.V.

(CEMEX CPO)
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CEMEX, S.A.B. de C.V. Successfully Closes New $3.25 Billion Syndicated Credit Agreement

11/08/2021 | 05:01pm EST

CEMEX, S.A.B. de C.V. announced that it has successfully closed a new $3.25 billion syndicated credit agreement (the ?Credit Agreement?) and used the proceeds to fully repay its previous facilities agreement. The new Credit Agreement consists of a $1.5 billion 5-year amortizing Term Loans and a $1.75 billion 5-year committed Revolving Credit Facility. The committed facility is roughly $600 million higher than the previous facilities agreement, resulting in a stronger liquidity position which is favorable from a company risk and credit rating perspective. The Credit Agreement is denominated exclusively in US Dollars and includes an interest rate margin grid that is about 25 basis points lower on average than that of the previous facilities agreement. Additionally, half of the Term Loans have been swapped into Euros using derivative instruments. Furthermore, the new Credit Agreement is the first debt to be issued under CEMEX?s recently published Sustainability-linked Financing Framework (the ?Framework?), which is aligned to the company?s Future in Action strategy and its ultimate vision of a carbon-neutral economy. The annual performance in respect to the three metrics referenced in the Framework may result in a total adjustment of the interest rate margin of plus or minus 5 basis points, in line with other sustainability-linked loans from investment grade rated borrowers.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 14 733 M - -
Net income 2021 999 M - -
Net Debt 2021 8 616 M - -
P/E ratio 2021 10,6x
Yield 2021 -
Capitalization 10 124 M 10 073 M -
EV / Sales 2021 1,27x
EV / Sales 2022 1,15x
Nbr of Employees 46 543
Free-Float -
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Mean consensus BUY
Number of Analysts 8
Last Close Price 0,69 $
Average target price 0,98 $
Spread / Average Target 42,3%
EPS Revisions
Managers and Directors
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Maher Al-Haffar CFO, Executive VP-Finance & Administration
Rogelio Zambrano Lozano Executive Chairman
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
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