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Cemex, S.A.B. de C.V. (NYSE:CX), a leading global building materials company, announced today that it has successfully completed the offering of $1 billion in subordinated perpetual notes. The company disclosed that the transaction was finalized on Tuesday.
The notes, which do not have a fixed maturity date, were sold to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended, and to non-U.S. persons outside the United States under Regulation S.
Cemex stated that the net proceeds from the sale of the notes will be used for general corporate purposes, including debt repayment and other financial obligations. The company emphasized that the notes have not been registered under the U.S. Securities Act or any state securities laws and were not publicly offered in Mexico, except to certain institutional and qualified investors.
The notes were not registered with the Mexican National Securities Registry, maintained by the Mexican National Banking and Securities Commission, and were not offered or sold publicly in Mexico. The issuance included notifying the commission for compliance and informational purposes only.
The offering was not intended for retail investors in the European Economic Area or the United Kingdom (TADAWUL:4280). In the UK, the promotion of the notes was limited to investment professionals and high net worth companies in accordance with the Financial Services and Markets Act 2000.
Cemex’s communication contained forward-looking statements, cautioning that actual results could materially differ due to various risks and uncertainties. The company also stated that the information in the offering documents was solely its responsibility and had not been reviewed or authorized by the Mexican National Banking and Securities Commission.
This news is based on a press release statement from Cemex and reflects the company’s latest financial maneuver in the global capital markets.
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