Cemex 2013 Annual Report Download - page 147

Notes to the financial statements
Relevant debt transactions during 2013, 2012 and 2011
OnSeptember25,2013,CEMEX,S.A.B.deC.V.announcedtheissuanceofUS$1.0billionof7.25%seniorsecurednotesdueinJanuary
2021(the“FixedRateNotes”)andUS$400ofoatingrateseniorsecurednotesdue inOctober2018(the“FloatingRateNotes”and,
togetherwiththeFixedRateNotes,the“NewNotes”)denominatedinU.S.dollars.OnSeptember27,CEMEX,S.A.B.deC.V.announcedthe
issuanceofUS$100additionalFloatingRateNotes,whicharealsopartoftheNewNotes.TheFixedRateNoteswereissuedatparandare
callablecommencingonJanuary15,2018.TheFloatingRateNotesbearinterestataoatingrateequaltothree-monthLIBORplus4.75%
(475basispoints)andarecallableall,butnotlessthanall,atanydayaftertheinterestpaymentdateimmediatelyprecedingthematurity
date.TheclosingoftheofferingsoccurredonOctober2,2013,aftersatisfactionofcustomaryclosingconditions.TheNewNotessharethe
collateralpledgedforthebenetofthelendersunderCEMEX’sFacilitiesAgreement,datedasofSeptember17,2012,andothersecured
obligationshavingthebenetofsuchcollateral,andareguaranteedbyCEMEXMéxico,S.A.deC.V.,CEMEXConcretos,S.A.deC.V.,Empresas
ToltecadeMéxico,S.A.deC.V.,NewSunwardHoldingB.V.,CEMEXEspaña,CemexAsiaB.V.,CEMEXCorp.,CemexEgyptianInvestmentsB.V.,
CemexEgyptianInvestmentsIIB.V.,CEMEXFranceGestion(S.A.S.),CemexResearchGroupAG,CemexShippingB.V.andCEMEXUK.Fees
andcostsrelatedtotheissuanceoftheNewNotesforapproximatelyUS$6($78)adjustedthecarryingamountofsuchfacilities,andsuch
amountisamortizedovertheremainingtermofeachinstrument.
OnAugust5,2013,CEMEX,S.A.B.deC.V.announcedtheissuanceofUS$1.0billionof6.5%SeniorSecuredNotesdueinDecember2019
(the“December2019Notes”)denominatedinU.S.dollars.The2019NoteswereissuedatparandarecallablecommencingonDecember
10,2017.TheclosingoftheofferingoccurredonAugust12,2013,aftersatisfactionofcustomaryclosingconditions.TheDecember2019
NotessharethecollateralpledgedforthebenetofthelendersunderCEMEX’sFacilitiesAgreement,datedasofSeptember17,2012,and
othersecuredobligationshavingthebenetofsuchcollateral,andareguaranteedbyCEMEXMéxico,S.A.deC.V.,CEMEXConcretos,S.A.de
C.V.,EmpresasToltecadeMéxico,S.A.deC.V.,NewSunwardHoldingB.V.,CEMEXEspaña,CemexAsiaB.V.,CEMEXCorp.,CemexEgyptian
InvestmentsB.V.,CemexEgyptianInvestmentsIIB.V.,CEMEXFranceGestion(S.A.S.),CemexResearchGroupAG,CemexShippingB.V.and
CEMEXUK.CEMEX,S.A.B.deC.V.usedapproximatelyUS$996ofnetproceedsfromtheofferingtopurchaseUS$925ofthe2016Notes
asdescribedabove,andtheremainderforgeneralcorporatepurposes,includingtherepaymentofotherindebtedness.Feesandcostsrelated
totheissuanceoftheDecember2019NotesforapproximatelyUS$4($52)adjustedthecarryingamountofsuchfacilityandareamortized
overtheremainingtermoftheDecember2019Notes.
OnMarch14,2013,CEMEX,S.A.B.deC.V.announcedtheissuanceofUS$600of5.875%SeniorSecuredNotesdueinMarch2019(the
“March2019Notes”)denominatedinU.S.dollars.TheMarch2019NoteswereissuedatparandarecallablecommencingonMarch25,
2016.TheclosingoftheofferingoccurredonMarch25,2013,aftersatisfactionofcustomaryclosingconditions.TheMarch2019Notes
sharethecollateralpledgedforthebenetofthelendersunderCEMEX’sFacilitiesAgreement,datedasofSeptember17,2012,andother
securedobligationshavingthebenetofsuchcollateral,andareguaranteedbyCEMEXMéxico,S.A.deC.V.,CEMEXConcretos,S.A.deC.V.,
EmpresasToltecadeMéxico,S.A.deC.V.,NewSunwardHoldingB.V.,CEMEXEspaña,CEMEXAsiaB.V.,CEMEXCorp.,CEMEXEgyptian
InvestmentsB.V.,CEMEXEgyptianInvestmentsIIB.V.,CEMEXFranceGestion(S.A.S.),CEMEXResearchGroupAG,CEMEXShippingB.V.
andCEMEXUK.CEMEX,S.A.B.deC.V.usedapproximatelyUS$596ofnetproceedsfromtheofferingfortherepaymentofUS$55ofthe
remainingindebtednessunderCEMEX’s2009FinancingAgreement,datedAugust2009,asamended.Feesandcostsrelatedtotheissuance
oftheMarch2019NotesforapproximatelyUS$4($47)adjustedthecarryingamountofsuchfacilityandareamortizedovertheremaining
termoftheMarch2019Notes.
OnSeptember17,2012,CEMEXconcludedtherenancingprocessofasubstantialportionofitsthenoutstandingdebtundertheFinancing
Agreement,asamendedonseveraldatesduring2009,2010,2011andnallyonSeptember17,2012(the“FinancingAgreement”),with
thecompletionoftheExchangeOfferonSeptember17,2012,asfurtherdescribedinthisnote10.
OnSeptember17,2012,inconnectionwiththeFacilitiesAgreementdescribedelsewhereinthisnote10A,CEMEX,S.A.B.deC.V.issued
US$500aggregateprincipalamountof9.5%SeniorSecuredNotesduein2018(the“September2012Notes”).TheSeptember2012Notes
wereissuedinexchangeforloansandprivateplacementsoutstandingundertheFinancingAgreement.
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