Cemex 2013 Annual Report Download - page 38

is composed of a representative group of Global Compact
companies based on their adherence to the Global Com-
pact’s ten principles, as well as evidence of executive lead-
ership commitment and consistent baseline profitability.
CEMEX has been a signatory member of the UN Global
Compact since 2004, and is the only Mexico-based com-
pany included in the GC 100.
CEMEX accepts for purchase and completes early
settlement of tender offers for US$470 million of
9.50% notes due 2016 and €179 million of 9.625%
notes due 2017
On October 9, 2013, CEMEX announced that holders of
approximately US$470 million of the outstanding 9.50%
Senior Secured Notes due 2016 (the “2016 Notes”) issued
by CEMEX Finance LLC and holders of approximately €179
million of the outstanding 9.625% Senior Secured Notes
due 2017 (the “2017 Notes”) issued by CEMEX Finance
LLC tendered their 2016 Notes and/or their 2017 Notes
at or prior to the early tender deadline of 5:00 p.m., New
York City time, on October 8, 2013 (the “Early Tender
Date”), pursuant to CEMEX’s cash tender offer to purchase
any and all of the outstanding 2016 Notes and to purchase
up to €220 million (the “Maximum Tender Amount”) of
the outstanding 2017 Notes. The cash tender offers were
made pursuant to offers to purchase, dated September 25,
2013, relating to the 2016 Notes and the 2017 Notes.
CEMEX issues US$1.4 billion in fixed and floating
rate senior secured notes and additional US$100
million in floating rate senior secured notes
On September 25, 2013, CEMEX issued US$1.0 billion
of 7.25% Senior Secured Notes due 2021 (the “Fixed
Rate Notes”) and US$400 million of Floating Rate Senior
Secured Notes due 2018 (the “Floating Rate Notes”)
denominated in US dollars. The Fixed Rate Notes bear
interest at an annual rate of 7.25% and will mature on
January 15, 2021. The Fixed Rate Notes were issued at
par and are callable commencing on January 15, 2018. The
Floating Rate Notes bear interest at a floating rate equal
to three-month LIBOR plus 4.75% (475 basis points) and
will mature on October 15, 2018. The Floating Rate Notes
were issued at par and are callable commencing on or after
the interest payment date immediately preceding their
maturity date. The closing of the offerings occurred on
October 2, 2013.
On September 27, 2013, CEMEX issued US$100 million
of additional Floating Rate Senior Secured Notes due
2018 (the “Additional Floating Notes”), which consti-
tuted part of the same series as the US$400 million
of Floating Rate Senior Secured Notes due 2018 (the
“Original Floating Notes”) issued on September 25,
2013. The closing of the offering of Additional Floating
Notes occurred on October 2, 2013, concurrently with
the closing of the offering of the Original Floating Notes
and the offering of the US$1.0 billion of 7.25% Fixed
Rate Senior Secured Notes due 2021 (together with the
Original Floating Notes, the “Original Notes”).
CEMEX used the approximately US$99.6 million of net
proceeds from the offering of Additional Floating Notes,
together with the approximately US$1.394 billion of
net proceeds from the offerings of Original Notes, to
purchase the US$825 million outstanding 9.50% Senior
Secured Notes due 2016 (the “2016 Notes”), issued by
CEMEX Finance LLC, and the remainder for general cor-
porate purposes, including the purchase of €220 million
Narvil Hotel, Poland
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