Cemex CFO: no refinancing risk through end of 2012

By Jennifer Lanning Drey

Portland, Ore., June 3 - Cemex SAB de CV believes it will be able to handle its debt maturities through the end of 2012 without needing to refinance, Rodrigo Trevino, chief financial officer, said during the company's investor and analyst day, held Thursday.

"We believe that with the cash on hand and with the free cash flow we expect to generate, we believe that we do not have a refinancing risk now for the next three years," Trevino said.

The runway will provide the company time to benefit from an economic recovery, which is likely to result in improved refinancing terms and conditions for Cemex's debt maturing in 2013 and 2014, he said.

Cemex had cash and cash equivalents of $1.467 billion at the end of March.

Cemex is a Monterrey, Mexico-based building materials company.

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