This content is from:APP亚博娱乐
Cemex To Swap $162M Debt For New Notes
Cemex has signed a private agreement with an institutional investor to exchange its 6.277% fixed-to-floating rate callable perpetual debts worth $162.42 million for new notes.
Cemexhas signed a private agreement with an institutional investor to exchange its 6.277% fixed-to-floating rate callable perpetual debts worth $162.42 million for new notes. The Mexican building materials supplier has swapped its existing notes for new 9.25% U.S. dollar-denominated senior secured notes worth $125.2 million, due in 2020.
The new bonds will be issued byCemex Españaand will be guaranteed by CEMEX,Cemex MéxicoandNew Sunward Holdingon or before March 4, 2011. The exchange may result in Cemex reducing its financial obligations by about $41 million.
Click here for the release fromCemex.