About Us - Press Release - CEMEX announces cash tender offer to redeem "Certificados Bursátiles"
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publishDate1 Thu, 06 May 2010 17:57:00 +0000
publishDate2 May 6, 2010 5:57:00 PM
publishDate3 May 6, 2010
May 6, 2010
CEMEX, S.A.B. de C.V. (NYSE: CX) ("CEMEX") announced today a public cash tender offer (the "Offer") to redeem outstanding Certificados Bursátiles for up to approximately 6,111,771,084 pesos. The Offer has received approval from the Comisión Nacional Bancaria y de Valores (the "CNBV", or the Mexican securities authority.)
The Offer includes the following series of Certificados Bursátiles:
- Series with ticker CEMEX 08 and maturity on November 5, 2010;
- Series with ticker CEMEX 07U and maturity on November 26, 2010;
- Series with ticker CMX0002 06 and maturity on March 10, 2011; and
- Series with ticker CEMEX 06 maturity on March 10, 2011.
The Offer period, which is subject to extension, will be from May 6, 2010 to June 2, 2010. The series of Certificados Bursátiles included in the Offer represent all long term Certificados Bursátiles issued by CEMEX that mature between the date hereof and March 10, 2011.
A cash tender offer prospectus has been published describing the terms and conditions of the Offer (the "Prospectus"). CEMEX will redeem the Certificados Bursátiles validly tendered at the price determined by the Company for each series of Certificados Bursátiles to which the Offer applies in accordance with the provisions of the Prospectus. This Prospectus has been disclosed to the public and can be consulted through the website of the Bolsa Mexicana de Valores, SAB. of C.V. (www.bmv.com.mx), of the Comisión Nacional Bancaria y de Valores ("CNBV", or the Mexican securities authority,) and the CEMEX (www.cemex.com).
CEMEX has sufficient funds available to conduct the Offer, those funds having been obtained from the issuance of the optional convertible subordinated notes on March 30, 2010. If the results of the Offer are not satisfactory for the company, it will have the option to allocate those resources to make payments under the financing agreement entered into with banks and other main creditors of the Company on August 14, 2009.
All other terms and conditions of the Offer are described in the Prospectus.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.
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This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. No assurance can be given that the offerings described herein will be consummated or as to the terms of any such offering. CEMEX assumes no obligation to update or correct the information contained in this press release.
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