Mexico: Cemex announces 90% acceptance of its ongoing debt exchange

Cemex has announced that it has received acceptance notices representing approximately 90 per cent of the exposures under the 2009 Financing Agreement and indication of an intent to participate in the exchange transaction from additional participating creditors.

Acceptance Notices from participating creditors wishing to exchange into the New HY Notes represent an anticipated issuance of approximately US$470m in aggregate principal amount of such notes.??

The cement manufacturer also said it was extending the offer period of the exchange until 7 September of this year.