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CEMEX grosses $749.9 million from debt offering

Cemex SAB de CV raised gross proceeds of $749.9 million from an offering of 6.125% senior secured notes due 2025.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Banca IMI SpA, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Bank of America Merrill Lynch International Ltd., BNP Paribas SA, Citigroup Inc., Credit Agricole Corporate and Investment Bank SA, HSBC Holdings PLC and ING Wholesale Banking were the lead underwriters.