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Stock impact report

CEMEX Successfully Closes Approximately U.S.$1.1 Billion Extension under 2017 Credit Agreement

Cemex, S.A.B. de C.V. Sponsored ADR (CX) 
US:NYSE Investor Relations: cemex.com/investors/overview
Company Research Source: Business Wire
Extension by 3 years of 92% of July 2020 and January 2021 maturities (approximately U.S.$1.1 billion) MONTERREY, Mexico--(BUSINESS WIRE)-- CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has successfully closed the amendment process under its facilities agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”), entered into with several financial institutions. As part of this amendment process, CEMEX is extending approximately U.S.$1.1 billion of maturities by 3 years, representing on aggregate 92% of the July 2020 and January 2021 maturities under the 2017 Credit Agreement. With this extension, CEMEX currently does not have any relevant debt maturities until July 2021, aside from its 3.72% subordinated convertible notes maturing on March 2020 with a principal amount of approximately U.S.$521 million. "We are very pleased with this transaction w Show less Read more
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