About Us - Press Release - CEMEX announces successful completion of tender offers for its 2006 and 2009 notes
October 14, 2004
CEMEX, S.A. de C.V. ("CEMEX") (NYSE: CX) announced today that it has successfully completed cash tender offers for its 12¾% Notes due 2006 (the "2006 Notes") and its 9.625% Notes due 2009 (the "2009 Notes"), both of which expired today at 12:00 noon, New York City time.
Holders of the 2006 Notes tendered US$39,749,000 aggregate principal amount of the 2006 Notes, representing 43.4% of the total 2006 Notes outstanding. Holders of the 2009 Notes tendered US$138,484,000 aggregate principal amount of the 2009 Notes, representing 69.2% of the total 2009 Notes outstanding.
CEMEX also announced today that it has received consents from holders representing a majority of the principal amount of its outstanding 2006 Notes authorizing certain proposed amendments to the indenture governing the 2006 Notes, which were delivered pursuant to a related consent solicitation that also expired today at 12:00 noon, New York City time. CEMEX expects to irrevocably deposit the corresponding amount with the Depositary on October 19, 2004 in respect of consent payments for the benefit of holders of 2006 Notes consenting in such consent solicitation.
CEMEX previously announced that the requisite holders of the 2009 Notes had authorized certain amendments to the indenture governing the 2009 Notes in a related consent solicitation that expired on October 4, 2004. On October 6, 2004, CEMEX irrevocably deposited the corresponding amount with the Depositary in respect of consent payments for the benefit of holders of 2009 Notes consenting in such consent solicitation.
In accordance with the Offer to Purchase and Consent Solicitation Statement, dated September 14, 2004, CEMEX expects to make payment of the tender offer consideration for the 2006 Notes (including accrued and unpaid interest) and the tender offer consideration for the 2009 Notes (including accrued and unpaid interest) to the Depositary on October 19, 2004 for the benefit of holders that tendered 2006 Notes and 2009 Notes, as applicable.
The dealer manager for the tender offers and the solicitation agent for the consent solicitations is J.P. Morgan Securities Inc. The information agent for the tender offers and consent solicitations is D.F. King & Co., Inc.
CEMEX is a leading global producer and marketer of cement and ready-mix products, with operations primarily concentrated in the world's most dynamic cement markets across four continents. CEMEX combines a deep knowledge of the local markets with its global network and information technology systems to provide world-class products and services to its customers, from individual homebuilders to large industrial contractors. For more information, visit www.cemex.com.