Cemex prices $291.6 mln note buyback

Cemex prices $291.6 mln note buyback
01 October 2004


Mexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt due in 2006 and 2009.  The offers are for all $91.6 million outstanding 2006 notes and for all $200 million outstanding 2009 notes.  Cemex said it will pay $1,163.88 and $1,211.10 for each $1,000 of principal of the 2006 and 2009 notes, respectively.  Also, note holders who consent to the buyback before noon New York time on Oct. 4 will receive an additional commission of $5 and $10 for the 2006 and 2009 notes, respectively.  Cemex, which operates in more than 30 nations spanning four continents, said its tender offers will expire on Oct. 14 this year.
Published under Cement News