Cemex reopens offering to restructure debt

Cemex has announced the pricing of a US$650million reopening of its 9% senior secured notes which will be due in 2018. The notes were originally offered in January and secured US$1billion. The company has said that it intends to use the funds raised for corporate purposes and to restructure debt outstanding under its 14 August 2009 financing agreement. Cemex has said that this will allow the business to continue addressing its debt maturities ahead of schedule.
Auctions, Used Equipment, Rental & Finance / March 27, 2012

643 Cemex has announced the pricing of a US$650million reopening of its 9% senior secured notes which will be due in 2018. The notes were originally offered in January and secured US$1billion.

The company has said that it intends to use the funds raised for corporate purposes and to restructure debt outstanding under its 14 August 2009 financing agreement. Cemex has said that this will allow the business to continue addressing its debt maturities ahead of schedule.

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