GHR Rechtsanwälte represented CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, in a U.S.$1. billion aggregate principal amount offering of Senior Secured Notes. The Notes are denominated in U.S. Dollars and bear interest semi-annually at an annual rate of 5.200%. They mature on September 17, 2030.
BNP Paribas Securities Corp., BofA Securities, Inc. and J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, Intesa Sanpaolo S.p.A. and Santander Investment Securities Inc. acted as joint book-running managers of the offering. The closing of the offering occurred on September 17, 2020.
The Notes share in the collateral pledged for the benefit of the lenders under a 2017 Facilities Agreement (as amended) and other secured obligations having the benefit of such collateral, and are guaranteed by CEMEX Concretos, S.A. de C.V., New Sunward Holding B.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp., CEMEX Finance LLC, Cemex Africa & Middle East Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG and CEMEX UK.
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