CEMEX prices $1.5 billion senior notes due 2036 at 5.750% interest rate

CEMEX (NYSE: CX) announced the pricing of $1.5 billion in senior notes due 2036, according to a company statement. The notes carry a 5.750% annual interest rate paid semi-annually and will mature on June 5, 2036.

The Mexican cement company will issue the notes at 99.572% of face value. The notes are guaranteed by CEMEX's subsidiary, CEMEX Corp. The issuance is scheduled for June 5, 2026, subject to standard closing conditions.

CEMEX plans to use proceeds for general corporate purposes, which may include repaying debt and other financial obligations. The company specifically noted potential repayment of borrowings under certain credit agreements.

The offering is conducted through an effective shelf registration statement on Form F-3 previously filed with the Securities and Exchange Commission. Several investment banks are participating in the offering, including BofA Securities, Citigroup Global Markets, Credit Agricole Securities, J.P. Morgan Securities, Mizuho Securities USA, and SMBC Nikko Securities America.

The notes will not be registered with Mexico's National Securities Registry and cannot be offered or sold publicly in Mexico. The offering also includes restrictions for retail investors in the European Economic Area and United Kingdom.

You May Also Be Interested In

• Oracle expands equity distribution agreement with 15 additional sales agents
• Zeta Surgical begins TMS navigation treatments at Hope Therapeutics clinics
• Penguin Solutions joins Nvidia AI Factory Specialized Partner program