The global economic crisis caught Cemex off guard in 2008, a
year after the company paid around $16 billion to take over
Australian cement firm Rinker. Facing slower sales and
overburdened by debt, the Mexican cement maker had to pay a
high price to raise funds, but it staged quite a comeback,
restructuring $15 billion of bank borrowings in 2009 and then
using a string of liability management exercises to refinance
its debt and extend its maturity profile.
High yield corporate with the best bond market strategy; Mexican corporate with the best capital markets strategy
Cemex is continuing with an aggressive plan to refinance its debt and move closer to investment grade
Cemexâ€™s rise from the ashes continues to
impress investors and bankers alike.
â€œCemex has done quite well and it seems
that they donâ€™t like their junk status and
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