UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
_______________________
Date
of Report: January 29, 2009
CEMEX, S.A.B. de
C.V.
(Exact
name of Registrant as specified in its charter)
CEMEX
Corp.
(Translation
of Registrant's name into English)
United Mexican
States
(Jurisdiction
of incorporation or organization)
Av.
Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
Garza García, Nuevo León, México 66265
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F X Form
40-F ___
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
____
No X
If
"Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
N/A
|
Media
Relations
Jorge
Perez
(52-81)
8888-4334
|
Investor
Relations
Eduardo
Rendon
(52-81)
8888-4256
|
Analyst
Relations
Luis
Garza
(52-81)
8888-4136
|
CEMEX ANNOUNCES
SUCCESSFUL
COMPLETION OF
REFINANCING
Monterrey, Mexico. January 28, 2009 –
CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it has successfully
completed its refinancing plan. CEMEX had previously announced that it had
selected five banks to coordinate a global effort to: i) negotiate new long-term
syndicated facilities to replace existing short-term bilateral facilities; ii)
extend the maturity by one year of a portion of the US$3.0 billion Rinker
acquisition syndicated loan facility due in December 2009 and iii) amend the
leverage ratio covenant, among other conditions, of certain existing syndicated
loan facilities.
The
final key components of the refinancing plan include:
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First,
US$2.3 billion dollars of short-term bilateral facilities originally
scheduled to mature in 2009 and early 2010 were refinanced in two
long-term syndicated facilities. The final maturity for the amounts
refinanced in these new long-term facilities is February 2011, with US$607
million dollars amortizing in 2009 and US$536 million dollars amortizing
in 2010.
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·
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Second,
CEMEX extended to December 2010 US$1.7 billion dollars of the US$3 billion
syndicated loan facility which was originally due in December of
2009.
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·
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Third,
CEMEX amended and increased in December 2008, among other terms, the
leverage ratio provisions in its existing syndicated facilities. The new
leverage ratio requirement at the CEMEX, S.A.B. de C.V. level is a Net
Debt of no more than 4.5 times the trailing-twelve-month EBITDA in
December 31, 2008, increasing to 4.75 times in June 30, 2009, and
gradually decreasing to 3.5 times by September 30, 2011 and
thereafter.
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Rodrigo
Treviño, CEMEX's Chief Financial Officer, said: “We are pleased with the outcome
of this refinancing, as it demonstrates the health of CEMEX's business model and
it is evidence of the support of our banks. This was another important step to
strengthen our capital structure and to lengthen the maturity profile of our
debt.”
CEMEX
is a growing global building materials company that provides high-quality
products and reliable service to customers and communities in more than 50
countries throughout the world. CEMEX has a rich history of improving the
well-being of those it serves through its efforts to pursue innovative industry
solutions and efficiency advancements and to promote a sustainable future. For
more information, visit www.cemex.com.
###
This
press release contains forward-looking statements and information that are
necessarily subject to risks, uncertainties, and assumptions. Many factors could
cause the actual results, performance, or achievements of CEMEX to be materially
different from those expressed or implied in this release, including, among
others, changes in general economic, political, governmental and business
conditions globally and in the countries in which CEMEX does business, changes
in interest rates, changes in inflation rates, changes in exchange rates, the
level of construction generally, changes in cement demand and prices, changes in
raw material and energy prices, changes in business strategy, and various other
factors. 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 press release and no assurance can be
given of the outcome of these negotiations with the banks.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de
C.V. has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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CEMEX,
S.A.B. de C.V.
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(Registrant)
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Date: January 29, 2009
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By:
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/s/
Rafael Garza
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Name:
Rafael Garza
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Title: Chief
Comptroller
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