Cleary acts in $3bn CEMEX refinancing
Cleary Gottlieb acted as legal counsel to the lenders in the refinancing of CEMEX’s existing term loan facilities and the extension of revolving commitments.
The refinancing transaction consisted of an amended and restated USD $3 billion syndicated unsecured term loan facility with an ESG component, including a USD $1 billion five-year amortising term loan and a USD $2 billion five-year committed revolving credit facility. The transaction closed on 30 October.
CEMEX is one of the world’s largest cement companies based on annual installed cement production capacity and one of the world’s largest ready-mix concrete companies. CEMEX is engaged primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker.
Cleary’s team included partners Duane McLaughlin (pictured left) and Manuel Silva (pictured right), associate Silvia Fittipaldi, and international lawyers Mariana Avila Macazaga and Pedro Arango Montes. All lawyers are based in New York except Silvia Fittipaldi, who is based in Sao Paulo.
