IFLR1000

Cemex $1 billion 7.75% notes issue

1/3/2016
Investment grade bond/note issue
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$ 1 billion

Completed

1/3/2016

Overview:

  • Cemex issued $1 billion in senior secured notes.
  • The 7.75% notes are due 2026.
  • BBVA, Bank of America Merrill Lynch, Citigroup, HSBC, ING and Santander acted as joint bookrunners.
  • The company expects to use the proceeds to fund the repurchase or redemption of other note issues.
  • Cemex is a Mexican building materials company.

Rani Mehta - Journalist

Jurisdictions:

Mexico
United States
Switzerland

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Construction and materials

Firms:
Cleary Gottlieb Steen & Hamilton

Party: BBVA (Joint bookrunner)

Party: BofA Merrill Lynch (Joint bookrunner)

Party: Citigroup (Joint bookrunner)

Party: HSBC (Joint bookrunner)

Party: ING (Joint bookrunner)

Party: Banco Santander (Joint bookrunner)

GHR Rechtsanwälte

Party: Cemex (Issuer)

Lawyer: Marc Grüninger

Skadden Arps Slate Meagher & Flom

Party: Cemex (Issuer)

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