CEMEX Receives Consents From Holders of Its 9.625% Notes Due 2009.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 received consents from holders representing a majority of the principal amount of its 9.625% Notes due 2009 (the "Notes") authorizing certain proposed amendments to the indenture governing the Notes. The consents were delivered pursuant to a consent solicitation 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 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 (the "Consent Expiration Time Expiration time The time of day by which all exercise notices must be received on the expiration date. Technically, the expiration time is currently 11:59AM on the expiration date, but public holders of option contracts must indicate their desire to exercise no later than 5:30PM on "). In accordance with CEMEX's Consent Solicitation Statement, dated April 4, 2002, CEMEX expects to pay to the Depositary on April 22, 2002 for the benefit of holders of Notes who have consented prior to the Consent Expiration Time a consent payment of U.S.$5.00 per $1,000 principal amount of Notes. The solicitation agents for the consent solicitation 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 consent solicitation 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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