Tuesday, 24 February 2009

Cemex, Facing Cash Problems, Wants to Sell Debt. Issuance May Add to $6 Billion Already Raised by Mexico, Quasi-Government Companies in 2009

ISSUER: CEMEX SAB
GUARANTORS: CEMEX MEXICO; NEW SUNWARD HOLDING B.V.
RANKING: SENIOR UNSECURED NOTES
RATINGS: TBC
SIZE: US$ BENCHMARK ($500 MLN OR MORE)
MATURITY: INTERMEDIATE
COVENANTS: HIGH YIELD
LEADS: CITIGROUP INC. (GLOBAL COORDINATOR) / BBVA / HSBC HOLDINGS PLC. / RBS PLC. / BANCO SANTANDER SA
USE OF PROCEEDS: REFINANCE EXISTING DEBT
COC PUT: 101%
ROADSHOW: LONDON/NEW YORK/WEST COAST/BOSTON/NEW YORK

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