Skadden, Arps, Slate, Meagher & Flom and Cleary Gottlieb Steen & Hamilton have advised on Mexican cement giant Cemex’s $1 billion global bond offering, one of the first emerging market high-yield issuances since COVID-19 was declared a global health pandemic.
Cemex is one of the largest cement and ready-mix concrete companies in the world, with operations in more than 50 countries and annual sales of $13.1 billion in 2019. The 7.375% senior secured notes due in 2027 are guaranteed by subsidiaries in Mexico, the U.S., the U.K., Spain, France, the Netherlands and Switzerland.
