Cemex extends earlier period offers

Cemex extends earlier period offers
Published: 19 April 2010

Cemex has extended to April 23 the early tender date for four offers to exchange outstanding perpetual debentures for new US dollar- or euro-dominated senior secured notes.

The original tender date was Friday afternoon.

“The extension will allow certain investors, who have experienced delays in receiving the documents from their respective custodians, additional time to review the exchange documents and consider the exchange offers,” Cemex said in a release on early Monday.

Cemex, which launched the offers on April 5, seeks to cut its massive debt by US$850m by swapping the perpetual bonds.

The exchange offers are set to expire on April 30 at midnight unless Cemex extends or terminates them at its discretion.

Source: Reuters