CEMEX Mexico tender offer expires
February 2, 2000
CEMEX Mexico, S.A. de C.V. (CEMEX Mexico), successor to TOLMEX, S.A. de C.V., announced today that the tender offer for Its 8 3/8% Notes due November 1, 2003 expired today at 12:00 noon, New York City time. Holders tendered US$151,706,000 principal amount of Notes and US$ 23,694,000 principal amount will remain outstanding.
CEMEX Mexico previously announced that the requisite holders had authorized certain amendments to the indenture governing the Notes in a related consent solicitation that expired on January 14, 2000.
In accordance with the Offer to Purchase and Consent Solicitation Statement, dated January 3, 2000, CEMEX Mexico expects to make payment of the tender offer consideration (including accrued and unpaid interest) to the Depositary on February 3, 2000 for the benefit of holders that tendered the notes. CEMEX Mexico has previously, on January 14, 2000, irrevocably deposited the corresponding amount with the Depositary in respect of consent payments for the benefit of holders consenting in the consent solicitation.
Information regarding the pricing, tender and delivery procedures and conditions of the tender offer and consent solicitation is contained in the Offer to Purchase and Consent Solicitation Statement and the related documents, which were previously sent to the holders of the Notes.
The dealer manager for the offer and the solicitation agent for the solicitation is Chase Securities Inc. The information agent for the offer and solicitation is D.F. King & Co., Inc.
CEMEX Mexico, a leading Mexican cement and ready-mix concrete producer, is 97.3% owned by CEMEX. Founded in 1906, CEMEX is one of the three largest cement companies in the world with approximately 65 million metric tons of production capacity. Through operating subsidiaries positioned in four continents, CEMEX is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. In addition, CEMEX is the world´s leading producer of white cement and the world´s largest trader of cement and clinker.