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CEMEX Announces Acceptance For Purchase Of U.S. $925 Million Of 9.50% Notes Due 2016 And Early Settlement Of Tender Offer

Stocks in this article: CX

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that holders of approximately U.S.$1.33 billion of the outstanding 9.50% Senior Secured Notes due 2016 (the “Notes”) issued by CEMEX Finance LLC tendered their Notes at or prior to the early tender deadline of 5:00 p.m., New York City time, on August 16, 2013 (the "Early Tender Date"), pursuant to CEMEX's previously announced cash tender offer to purchase up to U.S.$925 million (the “Maximum Tender Amount”) of the outstanding Notes. The cash tender offer is being made pursuant to the offer to purchase dated August 5, 2013 and the related letter of transmittal.

The following table summarizes the early tender results as of the Early Tender Date and the principal amount of Notes that CEMEX has accepted for purchase, as well as the proration factor:

                       

Title of Security

CUSIP/ISIN

Aggregate Principal Amount Outstanding

Total Consideration

Principal Amount Tendered

Principal Amount Accepted

Proration Factor

9.50% SeniorSecuredNotes due2016

12516UAA3 /US12516UAA34U12763AA3 /USU12763AA37

U.S.$1,750,000,000

U.S.$1,075 perU.S.$1,000Principal Amount

U.S.$1,329,378,000Aggregate PrincipalAmount

U.S.$925,000,000Aggregate PrincipalAmount

67.139%
 

Because Notes in excess of the Maximum Tender Amount have been validly tendered in the tender offer on or prior to the Early Tender Date, CEMEX has accepted U.S.$925 million of such tendered Notes for purchase and will pay holders thereof on a pro rata basis according to the pro ration procedures described in the offer to purchase. The early settlement date on which CEMEX will make payment for such Notes is expected to be August 19, 2013. Holders of Notes who tender after the Early Tender Date will not have any of their Notes accepted for purchase. Any tendered Notes that are not accepted for purchase will be returned or credited without expense to the holder’s account.

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