New Issue: Mexico's Cemex prices $100 million add-on to floaters due 2018

By Aleesia Forni

Virginia Beach, Sept. 27 - Mexico's Cemex SAB de CV priced a $100 million add-on to its floating-rate senior secured notes (//BB-) due 2018, according to a company news release.

The notes have a coupon of Libor plus 475 basis points.

The offering was a Rule 144A and Regulation S transaction.

Cemex priced the original $400 million issue at par on Wednesday.

The deal also included $1 billion of 7¼% senior secured notes due Jan. 15, 2021.

Proceeds will be used to purchase the company's outstanding 9½% senior secured notes due 2016 issued by Cemex Finance LLC. Remaining proceeds will be used for general corporate purposes.

Cemex is a Monterrey, Mexico-based building materials supplier and cement producer.

Issuer:	Cemex SAB de CV
Guarantors:	Cemex Mexico SA de CV, Cemex Concretos SA de CV, Empresas Tolteca de Mexico SA de CV, New Sunward Holding BV, Cemex Espana SA, Cemex Asia BV, Cemex Corp., Cemex Egyptian Investments BV, Cemex Egyptian Investments II BV, Cemex France Gestion (SAS), Cemex Research Group AG, Cemex Shipping BV and Cemex UK
Amount:	$100 million
Description:	Reopening of floating-rate senior secured notes due 2018
Maturity:	Oct. 15, 2018
Coupon:	Libor plus 475 bps
Trade date:	Sept. 27
Settlement date:	Oct. 2
Rating:	Fitch: BB-
Total issue size:	$500 million, including $400 million priced Sept. 25
Distribution:	Rule 144A, Regulation S

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