Cemex Prices $1B Senior Secured Notes Offering

TL;DR

Cemex just priced $1B in new debt, using it to refinance and for general corporate needs.

AI Summary

On March 15, 2024, Cemex, S.A.B. de C.V. announced the pricing of its previously announced offering of senior secured notes. The offering consists of two tranches: €500 million aggregate principal amount of 5.875% senior secured notes due 2031 and $500 million aggregate principal amount of 6.500% senior secured notes due 2031. The net proceeds are intended to be used for general corporate purposes, including refinancing existing debt.

Why It Matters

This debt issuance allows Cemex to manage its capital structure and potentially reduce its borrowing costs, impacting its financial flexibility and future investment capacity.

Risk Assessment

Risk Level: low — This is a routine debt offering announcement, not indicating any immediate operational or financial distress.

Key Numbers

• $1B — Total Debt Offering (Combined principal amount of the two tranches of senior secured notes.)
• 5.875% — Interest Rate (EUR Notes) (Coupon rate for the €500 million senior secured notes due 2031.)
• 6.500% — Interest Rate (USD Notes) (Coupon rate for the $500 million senior secured notes due 2031.)

Key Players & Entities

• Cemex, S.A.B. de C.V. (company) — Issuer of the notes
• NYSE: CX (company) — Stock ticker for Cemex
• €500 million (dollar_amount) — Principal amount of 5.875% senior secured notes due 2031
• $500 million (dollar_amount) — Principal amount of 6.500% senior secured notes due 2031
• March 15, 2024 (date) — Date of the announcement and pricing

FAQ

Filing Documents

• d738323d6k.htm (6-K) — 11KB
• 0001193125-24-069435.txt ( ) — 12KB

From the Filing

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number: 001-14946 Cemex, S.A.B. de C.V. (Translation of Registrants name into English) Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre San Pedro Garza García, Nuevo León, 66265 México (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Contents On March 15, 2024, Cemex, S.A.B. de C.V. (NYSE: CX) (Cemex) informed the Mexican Stock Exchange ( Bolsa Mexicana de Valores ) that Cemex was not aware of the causes that may have initiated the unusual movements presented during March 15, 2024, in the trading volumes of the security identified with ticker symbol CEMEX.CPO, and that these movements correspond to market conditions. As provided by Article 53 of the General Provisions Applicable to Securities Issuers and Other Market Participants ( Disposiciones de Car á cter General Aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores ) in Mexico, Cemex also informed the Mexican Stock Exchange that it has no knowledge of any of its shareholders, members of its board of directors or its senior management, having executed any transaction with securities issued by Cemex, which could have had any relation with the unusual movements in the trading volumes of Cemexs CPO on March 15, 2024. If, subsequently, Cemex identifies any additional information related to these movements, such information will be disclosed no later than the next business day, as required under applicable laws of Mexico. This information is provided in Mexico at the request of the Mexican Stock Exchange, pursuant to Article 106 of the Securities Market Law ( Ley del Mercado de Valores ) and Article 50, next to last paragraph, of the General Provisions Applicable to Securities Issuers and Other Market Participants. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Cemex, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Cemex, S.A.B. de C.V. (Registrant) Date: March 15, 2024 By: /s/ Rafael Garza Name: Rafael Garza Title: Chief Comptroller

View Full Filing

View this 6-K filing on SEC EDGAR