Sep. 8, 2009 (Business Wire) -- CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it commenced a global public offering of 1,200 million of its Ordinary Participation Certificates (CPOs), directly or in the form of American Depositary Shares (ADSs), plus up to an additional 180 million CPOs, directly or in the form of ADSs, to cover over-allotments. Included in the offering are 595 million CPOs (directly or in the form of ADSs) that will be sold on CEMEX’s behalf by three of its subsidiaries. Of the 1,200 million CPOs being offered, it is expected that 900 million CPOs will be offered (directly or in the form of ADSs) in the United States and in other countries outside Mexico and approximately 300 million CPOs will be offered in a concurrent public offering in Mexico. The transaction is subject to market and other conditions.
J.P. Morgan, Citi, Santander Investment, and BBVA will act as global coordinators for the global offering. J.P. Morgan, Citi, Santander Investment, BBVA, BNP Paribas, HSBC, and RBS will act as joint bookrunning managers on the international offering. Acciones y Valores Banamex Casa de Bolsa, J.P. Morgan Casa de Bolsa, Casa de Bolsa BBVA Bancomer, Santander Casa de Bolsa, and HSBC Casa de Bolsa will act as bookrunning managers for the Mexican offering.
CEMEX intends to use the net proceeds from the global offering to pay down debt as required by the financing agreement recently entered into with its creditors.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and is effective. A Spanish language prospectus has been filed with Comisión Nacional Bancaria y de Valores (Mexican securities authority).This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The offering is made solely by means of prospectuses. Copies of the international prospectus may be obtained from the prospectus departments of:
J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attention: Prospectus Library, Tel: (718) 242-8002
Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn NY 11220, Tel: (718) 765-6732
Santander Investment, Equity Capital Markets, 45 East 53rd Street, 12th floor, New York 10022, NY, Tel: (212) 407-0963, Attention.
