Cemex offers to buy back up to $400 mln in debt
MEXICO CITY, April 25 (Reuters) - Mexican cement maker Cemex said on Monday it had launched an offer to buy back up to $400 million of debt on senior note issues due to mature in 2018, 2019 and 2022.
The Monterrey-based firm said in a statement the offer was for its 2018 floating rate notes, its 2019 notes bearing a 6.5 percent coupon and the 9.375 percent notes falling due in 2022.
However, Cemex noted it would not buy back more than $150 million of the 2022 debt.
Cemex said the offer would expire at 11.59 p.m., New York City time on May 20, (0359 GMT, May 21) while notes tendered before 8 a.m. (1200 GMT) on May 9 would be eligible for an early tender premium. (Writing by Dave Graham; Editing by Simon Cameron-Moore)
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