Cement Newsline

The Portland Cement Association (PCA) applauded the Environmental Protection Agency (EPA) and the Army Corps of Engineers (USACE) for their proposed rule revising the definition of ‘Waters of the United States’ (WOTUS). 
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The Promising Application of Vortex Layer Devices with Ferromagnetic Elements for Cement Improvement. By Frank May
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Cement Products

The MX-20MT mixer/pump from Blastcrete Equipment LLC gives contractors a high-output, easy-to-use unit for superb productivity on shotcrete and refractory work in a variety of applications, including cement. The machine provides twice the output of the company’s popular MX-10 mixer/pump yet has...
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Cemex completes latest round of refinancing

Cemex, S.A.B. de C.V. announced recently that it has successfully completed the previously announced refinancing of its financing agreement, dated as of August 14, 2009, as amended. Fernando Gonzalez, executive vice president of Finance and Administration of Cemex, stated “Cemex is pleased to have accomplished this significant milestone, with support from over 55 banks and institutions. We intend to continue to proactively address our maturities and work towards reducing our leverage and strengthening our capital structure.”

                Pursuant to the refinancing, participating creditors representing approximately 92.7 percent of the aggregate principal amount outstanding under the existing agreement agreed to extinguish their existing loans and private placement notes and to receive in place thereof: approximately US$6.155 billion in aggregate principal amount of new loans and new U.S. Dollar private placement notes issued pursuant to a New Facilities Agreement and a New Note Purchase Agreement, both dated as of September 17, 2012; and US$500 million of new 9.5 percent senior secured notes due 2018, issued pursuant to an indenture dated as of September 17, 2012, which notes are expected to be delivered by the exchange agent to recipients today.

                As a result of the refinancing, the New Facilities Agreement, with a final maturity of February 14, 2017, the principal terms of which were previously announced in Cemex’s press release dated June 29, 2012, has become effective. Also, approximately US$525 million aggregate principal amount of loans and U.S. Dollar private placement notes remain outstanding under the original Financing Agreement, as amended and restated pursuant to the terms of the exchange offer, and the Note Purchase Agreement, each with a final maturity of February 14, 2014.

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