Loan & DebtMay 28, 2026, 05:27 PM
Cemex Secures $3B Sustainability-Linked Revolving Credit Agreement
AI Summary
Cemex, S.A.B. de C.V. announced it has secured a new 5-year committed, Dollar-denominated $3,000 million syndicated sustainability-linked revolving credit agreement. The facility will be used for general corporate purposes, including refinancing existing financial obligations. The agreement includes financial covenants consistent with an investment-grade capital structure, such as a maximum Consolidated Leverage Ratio of 3.75x and a minimum Consolidated Coverage Ratio of 2.75x.
Key Highlights
- Cemex signed a 5-year committed, Dollar-denominated $3,000 million syndicated sustainability-linked revolving credit agreement.
- Proceeds will be used for general corporate purposes, including refinancing financial obligations.
- The agreement maintains interest rate margin and financial covenants consistent with an investment-grade capital structure.
- Maximum Consolidated Leverage Ratio of 3.75 times and minimum Consolidated Coverage Ratio of 2.75 times.
- Interest rate margin over SOFR ranges from 85 bps to 137.5 bps, depending on Cemex's Credit Rating.
- Cemex expects to meet borrowing conditions and access funds possibly before June 30, 2026.
Price Impact
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