CEMEX, S.A.B. de C.V. (CX) announced the pricing of $600 million of senior secured notes. The company ecpects to close the offering to occur on March 25, 2013. The comapny said that the notes will bear interest at an annual rate of 5.875% and mature in 2019.
CEMEX intends to use about $55 million of offering net proceeds for the repayment in full of the remaining indebtedness under CEMEX's 2009 Financing Agreement and the remainder for general corporate purposes, including the repayment of other indebtedness.
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