New Issue: Mexico’s Cemex prices $1.75 billion 3 7/8% senior secured notes due 2031

By Cady Vishniac

Detroit, Jan. 8 – Cemex SAB de CV priced $1.75 billion of 3 7/8% senior secured notes due July 11, 2031 (BB/BB-) at par, according to a 6-K filing with the Securities and Exchange Commission.

The notes, which pay interest semiannually, were priced at par. They will be non-callable until July 11, 2026.

Subsidiary guarantors on the issue are Cemex Concretos, SA de CV, Cemex Espana, SA, Cemex Asia BV, Cemex Corp., Cemex Finance LLC, Cemex Africa & Middle East Investments BV, Cemex France Gestion (SAS), Cemex Research Group AG and Cemex UK.

Proceeds from the offering will be used for general corporate purposes, including to repay debt.

Cemex is a cement producer based in Monterrey, Mexico.

Issuer:	Cemex, SAB de CV
Guarantors:	Cemex Concretos, SA de CV, Cemex Espana, SA, Cemex Asia BV, Cemex Corp., Cemex Finance LLC, Cemex Africa & Middle East Investments BV, Cemex France Gestion (SAS), Cemex Research Group AG and Cemex UK
Issue:	Senior secured notes
Amount:	$1.75 billion
Maturity:	July 11, 2031
Coupon:	3 7/8%
Price:	Par
Yield:	3 7/8%
Call:	Non-callable until July 11, 2026
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Ratings:	S&P: BB
	Fitch: BB-
Distribution:	Regulation S and Rule 144A

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