Cemex, one of the world’s biggest cement makers, signed a $3 billion syndicated sustainability-linked loan denominated in US dollars.
The five-year revolving credit charges a margin over SOFR ranging from 85 basis points to 137.5 basis points, depending on the Mexican firm’s credit ratings, it said in a securities filing on Thursday.
Cemex declined to identify the lenders when asked by LatinFinance.
The company will use the proceeds for general corporate purposes including refinancing debt, according to the filing.
In October 2023, Cemex refinanced a $3 billion syndicated credit line with two five-year loans, extending the tenor to 2028. The following year, it closed a EUR750 million ($805 million) refinancing of a euro-denominated syndicated SLL.