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CEMEX Announces Pricing Of €400 Million And U.S.$1 Billion In Senior Secured Notes

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today the pricing of €400,000,000 of 5.250% Senior Secured Notes due 2021 denominated in Euros (the “Euro Notes”) and U.S.$1,000,000,000 of 6.000% Senior Secured Notes due 2024 denominated in U.S. Dollars (the “U.S. Dollar Notes”) of its indirect subsidiary, CEMEX Finance LLC (the “Issuer”).

The Euro Notes will bear interest at an annual rate of 5.250% and mature on April 1, 2021. The Euro Notes will be issued at par and will be callable commencing on April 1, 2017. The U.S. Dollar Notes will bear interest at an annual rate of 6.000% and mature on April 1, 2024. The U.S. Dollar Notes will be issued at par and will be callable commencing on April 1, 2019. The closing of the offerings is expected to occur on April 1, 2014, subject to satisfaction of customary closing conditions.

CEMEX intends to use the net proceeds from the offering of the Euro Notes to retire (i) the €130,000,000 remaining aggregate principal amount outstanding of 9.625% Senior Secured Notes due 2017, issued by the Issuer, and (ii) the €115,346,000 remaining aggregate principal amount outstanding of 8.875% Senior Secured Notes due 2017, issued by CEMEX España, S.A., acting through its Luxembourg branch (“CEMEX España Lux Branch”), and the remainder, if any, for general corporate purposes, including the repayment of indebtedness.

CEMEX intends to use the net proceeds from the offering of the U.S. Dollar Notes, together with available cash, to purchase up to U.S.$1,080,000,000 aggregate principal amount of (i) the 9.250% Senior Secured Notes due 2020, issued by CEMEX España Lux Branch (the “2020 CEMEX España Dollar Notes”), and (ii) the 9.000% Senior Secured Notes due 2018 issued by CEMEX (the “2018 CEMEX Dollar Notes”), with the 2020 CEMEX España Dollar Notes having priority, and the remainder, if any, for general corporate purposes, including the repayment of indebtedness. CEMEX currently expects that the purchase price of the 2020 CEMEX España Dollar Notes would be approximately U.S.$1,102.50 for each U.S.$1,000 principal amount and that the purchase price of the 2018 CEMEX Dollar Notes would be approximately U.S.$1,092.50 for each U.S.$1,000 principal amount, in each case, plus accrued interest.

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