Cemex SAB ( (CX) ) has shared an update.
On April 1, 2025, Cemex announced its decision to fully redeem its $1 billion 9.125% Subordinated Notes due to a change in rating methodology. The redemption, scheduled for April 10, 2025, will be funded with $500 million in cash and $500 million from its revolving credit facility. This strategic financial move reflects Cemex’s proactive management of its debt obligations, potentially enhancing its financial stability and market confidence.
More about Cemex SAB
Cemex S.A.B. de C.V. is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. The company is primarily involved in the production, distribution, and sale of cement, ready-mix concrete, aggregates, and related building materials, focusing on the construction industry.
YTD Price Performance: -0.18%
Average Trading Volume: 10,304,689
Technical Sentiment Signal: Buy
Current Market Cap: $8.54B
Learn more about CX stock on TipRanks’ Stock Analysis page.