Cemex Details 5.750% Senior Notes Due 2036 Redemption Terms

CEMEX S.A.B. de C.V. has detailed the redemption terms for its 5.750% Senior Notes due 2036. The company can redeem the notes prior to March 5, 2036, at a price equal to the greater of 100% of the principal amount or a make-whole amount. After this date, notes are redeemable at 100% of the principal amount plus accrued interest. Additionally, a Change of Control Triggering Event would require Cemex to offer to purchase the notes at 101% of the principal amount. The net proceeds from the sale of these notes are intended for general corporate purposes, including the repayment of existing indebtedness.