Cement Newsline

Total shipments of portland and blended cement in the United States and Puerto Rico in July 2018 were about 9.3 million metric tons (Mt), up by 9.4 percent from shipments in July 2017, according to the most recent USGS Mineral Industry Survey. Shipments for the year through July totaled about...
More inLatest  


The Promising Application of Vortex Layer Devices with Ferromagnetic Elements for Cement Improvement. By Frank May
More inFeatures  

Latest Digital Edition

Cement Products

Dynatrol bulk solids level indicators are designed for high, intermediate or low point level detection. The indicators have no moving parts and require no adjustments, resulting in low operating costs. A rugged design and vibrating probe prevents build-up and ensures the most reliable level...
More inProducts  

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.

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.

Resource Center