CEMEX issues €400 million aggregate principal amount of new Senior Secured Notes


In June 2016, CEMEX (NYSE: CX), the global building materials company, through its indirect wholly-owned subsidiary CEMEX Finance LLC, issued €400 million of 4.625% Senior Secured Notes due 2024. The Notes share in the collateral pledged for the benefit of the lenders under the Credit Agreement and other secured obligations having the benefit of such collateral, and are unconditionally guaranteed by certain group companies. BNP PARIBAS, Credit Agricole CIB, J.P. Morgan and The Royal Bank of Scotland acted as joint bookrunners. Admittance to listing on the Global Exchange Market of the Irish Stock Exchange has been obtained for the Notes.

Skadden, Arps, Slate, Meagher & Flom LLP (New York, London and Paris) advised CEMEX as to U.S., U.K. and French law. Cleary Gottlieb Steen & Hamilton LLP (New York) advised the bookrunners as to U.S. law. CEMEX in-house counsels acted as legal advisors to CEMEX on Mexican and Spanish Law matters. GHR Rechtsanwälte AG acted as legal advisor to CEMEX on the Swiss law aspects of the transaction. The GHR team included Marc Grüninger (lead), Michael Walther and Marco Fusi.