This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CEMEX Announces Tender Offer For 9.50% Notes Due 2016

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settlement date to, but not including, such settlement date. 2016 Notes that have been validly tendered cannot be withdrawn, except, in each case, as may be required by applicable law.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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs