CEMEX’s $1.5 Billion Offering

Cleary Gottlieb represented the underwriters, including BofA Securities, Citigroup, Crédit Agricole CIB, J.P. Morgan, Mizuho, SMBC Nikko, BBVA, BNP Paribas, Citizens Capital Markets, HSBC, ING, IMI - Intesa Sanpaolo, Morgan Stanley, and Scotiabank, in an SEC-registered offering by CEMEX S.A.B. de C.V. (CEMEX) of $1.5 billion 5.75% senior notes due 2036.

The offering priced on June 2, 2026, and closed on June 5, 2026. CEMEX intends to use the proceeds of the offering for general corporate purposes, including the refinancing of existing indebtedness. The transaction marked CEMEX’s first debt offering since obtaining an investment grade credit rating.

CEMEX is one of the largest cement companies in the world based on annual installed cement production capacity and one of the largest ready-mix concrete companies worldwide. CEMEX primarily engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker.

The Cleary capital markets team included partners Manuel Silva and Duane McLaughlin, and associates Rodrigo Lopez Lapeña and Cosmo Albrecht, with assistance from international lawyer Fernanda Cid Ortiz and Latin America attorney Maria Hyde. Partner Matthew Brigham and associate Mingyu Tang advised on tax matters, with assistance from law clerk Jiyoung Kim.