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CEMEX grosses $999.9 million from debt offering

Cemex SAB de CV raised gross proceeds of $999.9 million from an offering of 7.750% senior secured notes due April 16, 2026.

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

BBVA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Santander Investment Securities Inc. were the lead underwriters.