CEMEX in $1 Billion Senior Secured Notes Offering

January 11, 2011

Cleary Gottlieb represented Bank of America Merrill Lynch and JP Morgan, as global coordinators, and other initial purchasers, in the offering and sale by CEMEX of $1 billion 9.000% senior secured notes due 2018. The notes are guaranteed by certain operating subsidiaries of CEMEX. The offering priced on January 4 and closed on January 11. The proceeds from the offering will be applied for general corporate purposes, which could include repayment of existing debt. Since the restructuring of approximately $15 billion of CEMEX’s debt in August 2009, Cleary Gottlieb has advised initial purchasers in different unregistered offerings in an aggregate amount of approximately $4 billion.

CEMEX’s headquarters are located in Monterrey, Mexico. It primarily engages in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. The group is currently one of the largest cement companies in the world, based on annual installed cement production of approximately 96.4 million tons, the largest ready-mix concrete company worldwide, with annual sales volumes of approximately 54 million cubic meters and one of the largest aggregates companies in the world with annual sales volumes of approximately 168 million tons.