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On June 17, 2021, CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX)
informed the Mexican Stock Exchange (Bolsa Mexicana de
Valores) that it issued a notice of partial redemption with
respect to its 2.750% Senior Secured Notes due 2024 (the “2.750%
Notes”).
The aggregate principal amount of the 2.750% Notes being redeemed
is €450,000,000.00 of the €650,000,000.00 aggregate principal
amount of the 2.750% Notes outstanding as of the date of this
report. The 2.750% Notes are expected to be partially redeemed on
July 22, 2021 (the “Redemption Date”) at a redemption price
equal to 101.375% of the principal amount of the 2.750% Notes, plus
accrued and unpaid interest, if any, to, but excluding, the
Redemption Date. After giving effect to the partial redemption, the
aggregate principal amount of the 2.750% Notes expected to remain
outstanding is €200,000,000.00.
This report contains forward-looking statements and information
that are necessarily subject to risks, uncertainties, and
assumptions. These forward-looking statements reflect the CEMEX,
S.A.B. de C.V.’s and its direct and indirect subsidiaries (the
“Company”) current expectations and projections about future events
based on the Company’s knowledge of present facts and circumstances
and assumptions about future events, as well as the Company’s
current plans based on such facts and circumstances. These
statements necessarily involve risks and uncertainties that could
cause actual results to differ materially from the Company’s
expectations. No assurance can be given that the transactions
described herein will be consummated or as to the ultimate terms of
any such transactions. Many risks, uncertainties and other
important factors could cause the actual results, performance, or
achievements of CEMEX to be materially different from those
expressed or implied in this release. Some of the risks,
uncertainties and other important factors that could cause results
to differ, or that otherwise could have an impact on the Company,
include, but are not limited to: the impact of pandemics, epidemics
or outbreaks of infectious diseases and the response of governments
and other third parties, including with respect to COVID-19, which have affected and may
continue to adversely affect, among other matters, the ability of
our operating facilities to operate at full or any capacity, supply
chains, international operations, availability of liquidity,
investor confidence and consumer spending, as well as availability
of, and demand for, the Company’s products and services; the
cyclical activity of the construction sector; the Company’s
exposure to other sectors that impact its and its clients’
businesses, such as, but not limited to, the energy sector;
availability of raw materials and related fluctuating prices;
competition in the markets in which we of er our products and
services; general political, social, health, economic and business
conditions in the markets in which the Company operates or that
affect its operations and any significant economic, health,
political or social developments in those markets, as well as any
inherent risks to international operations; the regulatory
environment, including environmental, energy, tax, antitrust and
acquisition-related rules and regulations; the Company’s ability to
satisfy its obligations under the Company’s material debt
agreements, the indentures that govern the Company’s outstanding
senior secured notes and the Company’s other debt instruments and
financial obligations, including the Company’s perpetual
debentures; the availability of short-term credit lines or working
capital facilities, which can assist us in connection with market
cycles; the impact of the Company’s below investment grade debt
rating on its cost of capital and on the cost of the products and
services the Company purchases; loss of reputation of our brands;
the Company’s ability to consummate asset sales, fully integrate
newly acquired businesses, achieve cost-savings from its
cost-reduction initiatives, implement its pricing initiatives for
the Company’s products and generally meet the Company’s “Operation
Resilience” strategy’s goals; the increasing reliance on
information technology infrastructure for the Company’s sales,
invoicing, procurement, financial statements and other processes
that can adversely affect the Company’s sales and operations in the
event that the infrastructure does not work as intended,
experiences technical difficulties or is subjected to
cyber-attacks; changes in the economy that affect demand for
consumer goods, consequently affecting demand for our products and
services; weather conditions, including but not limited to,
excessive rain and snow, and disasters such as earthquakes and
floods; trade barriers, including tariffs or import taxes and
changes in existing trade policies or changes to, or withdrawals
from, free trade agreements, including the United States – Mexico –
Canada Agreement; terrorist and organized criminal activities as
well as geopolitical events; declarations of insolvency or
bankruptcy, or becoming subject to similar proceedings; natural
disasters and other unforeseen events (including global health
hazards such as COVID-19);
and the other risks and uncertainties described in the Company’s
public filings. You are urged to carefully consider the risks,
uncertainties and other factors that affect the Company’s business
and operations and should review future reports filed by the
Company with the U.S. Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize or should
underlying assumptions prove incorrect actual results may vary
materially from those described herein. CEMEX assumes no obligation
to update or correct the information contained in this
report.