About Us - Press Release - CEMEX announces early cash payment of "Certificados Bursatiles"
June 2, 2010
CEMEX, S.A.B. de C.V. (NYSE: CX) ("CEMEX") announced today the early payment of MX$2,641,890,675.23 in "Certificados Bursatiles" following the public cash tender offer (the "Offer") to redeem outstanding Certificados Bursátiles. The Offer has received approval from the Comisión Nacional Bancaria y de Valores (the "CNBV", or the Mexican securities authority.)
CEMEX will partially redeemed the following series of Certificados Bursátiles as a result of the Offer:
- Series with ticker CEMEX 08 and maturity on November 5, 2010 will be partially redeemed by a nominal amount of MX$483,004,100.00
- Series with ticker CEMEX 07U and maturity on November 26, 2010 will be partially redeemed by a nominal amount of MX$627,983,775.23
- Series with ticker CMX0002 06 and maturity on March 10, 2011 will be partially redeemed by a nominal amount of MX$75,000,000.00
- Series with ticker CEMEX 06 maturity on March 10, 2011 will be partially redeemed by a nominal amount of MX$1,455,902,800.00
The Offer period was from May 6, 2010 to June 2, 2010. The series of Certificados Bursátiles included in the Offer represent all long term Certificados Bursátiles issued by CEMEX that mature between today and March 10, 2011. As a result of the Offer, CEMEX is partially prepaying the Certificados Bursátiles mentioned above.
A cash tender offer prospectus was published on May 6, 2010, describing the terms and conditions of the Offer (the "Prospectus"). CEMEX will prepay the Certificados Bursátiles validly tendered at the price determined by the Company in accordance with the provisions of the Prospectus. This Prospectus has been disclosed to the public and can be accessed through the website of the Bolsa Mexicana de Valores, SAB. of C.V. (www.bmv.com.mx), of the Comisión Nacional Bancaria y de Valores ("CNBV", or the Mexican securities authority,) and the CEMEX (www.cemex.com).
CEMEX has sufficient funds available to conduct the Offer, having secured funding from the issuance of the optional convertible subordinated notes on March 30, 2010. The settlement date will be June 4, 2010.
Casa de Bolsa BBVA Bancomer and Casa de Bolsa Santander acted as Joint Issuers and Casa de Bolsa HSBC acted as Co-Leader of the Offer.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. No assurance can be given that the offerings described herein will be consummated or as to the terms of any such offering. CEMEX assumes no obligation to update or correct the information contained in this press release.