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CEMEX Announces Tender Offer For 9.50% Notes Due 2016

Stocks in this article: CX

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has commenced a tender offer (the “Tender Offer”) to purchase any and all of the outstanding 9.50% Senior Secured Notes due 2016 (the “2016 Notes”) issued by CEMEX Finance LLC. The Tender Offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated as of September 25, 2013. The following table summarizes the material pricing terms for the Tender Offer:

Title of Security   CUSIP/ISIN  

Aggregate Principal Amount Outstanding

  Early Tender Date  

Base Consideration

 

Early Tender Payment

 

Total Consideration

9.50% Senior Secured Notes due 2016 12516UAA3 / US12516UAA34

U12763AA3 / USU12763AA37

U.S.$825,000,000 5:00 p.m., New York City time, on October 8, 2013 U.S.$1,032.50* U.S.$30* U.S.$1,062.50*
 

* Per U.S.$1,000 principal amount of 2016 Notes accepted for purchase.

Holders of 2016 Notes that are validly tendered at or prior to 5:00 p.m., New York City time, on October 8, 2013 (the “Early Tender Date”) and whose 2016 Notes are accepted for purchase will be entitled to receive the Total Consideration, which includes an early tender payment equal to U.S.$30 per U.S.$1,000 principal amount of 2016 Notes (the “Early Tender Payment”). Holders who tender 2016 Notes after the Early Tender Date but at or prior to 11:59 p.m., New York City time, on October 23, 2013 (the “ Expiration Date”) and whose 2016 Notes are accepted for purchase will be entitled to receive only the Base Consideration per U.S.$1,000 principal amount of 2016 Notes, which amount is equal to the Total Consideration less the Early Tender Payment. Holders who validly tender their 2016 Notes in the Tender Offer and whose 2016 Notes are accepted for purchase will also receive accrued and unpaid interest on the 2016 Notes from the last interest payment date preceding the applicable settlement date to, but not including, such settlement date. 2016 Notes that have been validly tendered cannot be withdrawn, except, in each case, as may be required by applicable law.

CEMEX reserves the right, subject to applicable law, to extend, withdraw or terminate the Tender Offer or otherwise amend the terms of the Tender Offer.

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