CEMEX obtains required consents to amend its Facility Agreement

Veröffentlicht am 18:04:31 01.12.2016

CEMEX obtains required consents to amend its Facility Agreement
GHR Rechtsanwälte AG advised CEMEX (NYSE: CX), the global building materials company, as to Swiss law in connection with the November 21, 2016 amendment and restatement of the Facilities Agreement dated 29 September 2014 with Citibank and its consent request and the exchange and discharge offer made to certain lenders under the Facilities Agreement. Following a prepayment of U.S.$373 million corresponding to the September 2017 amortization under two existing term loan tranches of the Facilities Agreement, currently funded commitments maturing in 2018 in the amount of U.S.$664 million in those term loan tranches have been discharged and exchanged into a new revolving tranche, maintaining the original amortization schedule. Slaugther and May (London) advised CEMEX as to UK law. GHR Rechtsanwälte AG acted as legal advisor to CEMEX on the Swiss law aspects. The team included Marc Grüninger (lead), Michael Walther and Marco Fusi.



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