Cleary represents lenders in €750m CEMEX refinancing
Cleary Gottlieb has represented the lenders in the refinancing of CEMEX’s existing euro-denominated credit facility.
The transaction, closed on April 11, consisted of a €750 million amended and restated syndicated unsecured credit facility with an ESG component, including a €450 million five-year amortizing term loan and a €300 million four-year committed revolving credit facility.
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 principally engaged 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 lawyer Pedro Arango Montes. Partner Matthew Brigham, associate Eugene Wei-En Woo, and law clerk Mingyu Tang advised on tax matters. Partner Chase Kaniecki and associate Eric Hazoury advised on FCPA and other regulatory-related matters.