CEMEX Announces Successful Completion of Tender Offers for Its 12 3/4% Notes Due 2006 and the 9.66% Putable Capital Securities Issued By CEMEX International Capital LLC.Business Editors MONTERREY, N.L., Mexico--(BUSINESS WIRE)--April 18, 2002 CEMEX CEMEX Cementos Mexicanos , S.A. de C.V. ("CEMEX") announced today that it has successfully completed cash tender offers for its 12 3/4% Notes due 2006 (the "Notes") and the 9.66% Putable Capital Securities (the "Capital Securities") issued by CEMEX International Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an indirect subsidiary of CEMEX, both of which expired yesterday at 12:00 noon, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time. Holders of the Notes tendered U.S.$208,367,000 aggregate principal amount of Notes, representing approximately 69.5% of the total Notes outstanding. Holders of the Capital Securities tendered U.S.$183,759,000 aggregate liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy amount of Capital Securities, representing approximately 73.5% of the total Capital Securities outstanding. CEMEX previously announced that the requisite holders of the Notes and Capital Securities had authorized certain amendments to the respective indentures governing the Notes and Capital Securities in related consent solicitations Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with that expired on April 3, 2002. On April 5, 2002, CEMEX irrevocably deposited the corresponding amount with the Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. in respect of consent payments for the benefit of holders of Notes and Capital Securities consenting in the consent solicitations. In accordance with the Offer to Purchase and Consent Solicitation Statement, dated March 18, 2002, CEMEX expects to make payment of the tender offer consideration for the Notes (including accrued and unpaid interest) and the tender offer consideration for the Capital Securities (including accrued and unpaid dividends Unpaid dividend A dividend declared by the directors of a corporation that has not yet been paid. unpaid dividend 1. A declared dividend that has not yet been paid. 2. See passed dividend. ) to the Depositary on April 22, 2002 for the benefit of holders that tendered Notes and Capital Securities, as applicable. The dealer managers for the tender offers and the solicitation agents for the consent solicitations are J.P. Morgan Securities Inc. and Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc. The information agent for the tender offers and consent solicitations is D.F. King & Co., Inc. CEMEX is a leading global producer and marketer of cement and ready-mix products, with operations concentrated in the world's most dynamic cement markets across five continents. CEMEX combines a deep knowledge of the local markets with its global network and information technology systems to provide world-class products and services to its customers, from individual homebuilders to large industrial contractors. For more information, visit www.cemex.com. |
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