Cleary assists in $500m liability management for CEMEX

Cleary Gottlieb has advised on the CEMEX’s US$500 million acquisition of its 5,200% notes

 Cleary Gottlieb has assisted Bank of America and J.P. Morgan, as managers, in a cash tender offer by CEMEX to purchase up to US$500 million in principal amount of its 5.200% Notes due 2030, 5.450% Notes due 2029 and 3.875% Notes due 2031.

The tender offer, launched on 28 March 2022, settled early on 13 April 2022, expired on 25 April 2022 and was settled on 27 April 2022.

Cementos Mexicanos (CEMEX) is a cement and ready-mix concrete company 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) and international lawyer José Fuentes. Counsel Matthew Brigham and associate Eugene Wei-En Woo provided tax advice. All lawyers based in New York.

Cleary assists in $500m liability management for CEMEX

L Giselle Estrada

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