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Cemex completes $15 billion refinancing

August 14, 2009 8:25 am

Cemex SAB de CV announced that it completed a $15 billion refinancing plan with about 75 banks and private placement noteholders. The Mexican cement maker said the refinancing provides for a maturity schedule running through Feb. 2014, paying the London Interbank Offered Rate plus 450 basis points to its bank creditors and a fixed rate of 8.91% to its private placement creditor

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