Sep. 23, 2009 (Business Wire) -- CEMEX, S.A.B. de C.V. (NYSE:CX) announced today that the underwriters of its previously announced global offering have notified it that they intend to exercise their over-allotment options in full and will purchase an additional 195,000,000 Ordinary Participation Certificates (CPOs). Of the total, 146,250,000 CPOs will be purchased in the form of American Depositary Shares (ADSs), with each ADS comprised of 10 CPOs, for resale in the United States and elsewhere outside of Mexico, and 48,750,000 CPOs will be purchased for resale in Mexico.
The additional CPOs will be sold at the same public offering prices as the global public offering of US$12.50 per ADS and MXP16.65 per CPO.
The estimated aggregate net proceeds from the global offering, including proceeds from the exercise of the over-allotment options, are expected to be approximately US$ 1.782 billion. 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.
J.P. Morgan, Citi, Santander Investment and BBVA are acting as global coordinators for the global offering. J.P. Morgan, Citi, Santander Investment, BBVA, BNP Paribas, HSBC and RBS are acting 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 are acting as bookrunning managers for the Mexican offering.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission and is effective. A Spanish language prospectus related to the Mexican offering has been filed with, and approved for use by, the 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 the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Copies of the final 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, NY 10022, Tel: (212) 407-0963, Attention.
