Mexico’s Cemex accepts $200,000 more notes tendered after early date

By Marisa Wong

Morgantown, W.Va., Oct. 28 – Cemex SAB de CV announced that holders had tendered a total of $241,892,000 of its 7¼% senior secured notes due 2021 as of 11:59 p.m. ET on Oct. 27, the expiration of its tender offer for up to $500 million of the $1 billion outstanding 7¼% notes.

The total amount tendered includes $241,692,000 tendered as of the early deadline of the offer at 8 a.m. ET on Oct. 14. All of the early tendered notes were accepted for purchase, as previously announced. The early settlement date was Oct. 19.

On Friday, Cemex said it will accept the $200,000 of additional notes tendered since the early tender date.

Holders who tendered after the early deadline will receive $1,045 per $1,000 of notes. The company also will pay accrued interest to but excluding the settlement date. Payment for these additional notes is expected to be made on Nov. 1.

Holders who tendered before the early deadline received $1,075 for each $1,000 principal amount, which included a $30 early tender premium.

Following completion of the tender offer, $758,108,000 principal amount is expected to remain outstanding, including $31,382,000 principal amount held by Cemex.

BNP Paribas Securities Corp. (888 210-4358, 212 841-3561 or 212 841-3059) and Credit Agricole Securities (USA) Inc. (866 807-6030, 212 261-1924 or 212 261-7802) are the dealer managers. Global Bondholder Services Corp. (866 470-3700 or 212 430-3774) is the information agent and tender agent.

The tender offer was announced Sept. 30.

Cemex is a cement producer based in Monterrey, Mexico.

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