Our feature on page 20 outlines the battle taking place out West between Sierra Club California and California’s cement producers.
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Cement Newsline

Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in February 2019 were 5.7 million metric tons (Mt), a slight decrease from shipments in February 2018, according to the most recent USGS Mineral Industry Survey. Shipments for the year through...
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Ultracem of Colombia Anticipated a Need for Doubling Capacity and the Gamble Paid Off. By Mark S. Kuhar
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Latest Digital Edition

Cement Products

Camfil APC rolled out Gold Cone X-Flo (GCX) Filter Cartridge for high-efficiency industrial dust collection. Building on the proven performance of HemiPleat Gold Cone technology, GCX filters stay cleaner and last longer than conventional pleated filters, noted the manufacturer.
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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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