CEMEX, S.A.B. de C.V. Issues Notice of Full Redemption with Respect to its 2.750% Notes Due 2024
November 29, 2021 at 06:02 am
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On November?26, 2021, CEMEX, S.A.B. de C.V. informed the Mexican Stock Exchange (Bolsa Mexicana de Valores) that, on November?19, 2021, it issued a notice of full redemption with respect to its 2.750% notes due 2024. The aggregate principal amount of the 2.750% notes being redeemed is ?200,000,000.00, which represents the aggregate principal amount of the 2.750% notes that remained outstanding following a previous redemption by the company of ?450,000,000.00 of the 2.750% notes which occurred on July?22, 2021. The 2.750% notes are expected to be fully redeemed on December?29, 2021 (the redemption date) at a redemption price equal to 100.688% of the principal amount of the 2.750% notes, plus accrued and unpaid interest, if any, to, but excluding, 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.