CXMSF CEMEX SAB DE CV
Price Chart
Executive Summary
Cemex signed a $3 billion 5-year sustainability-linked revolving credit facility with investment-grade-style covenants (max leverage 3.75x, min coverage 2.75x) and SOFR-based pricing (85-137.5 bps). The facility provides ample liquidity for general corporate purposes and refinancing, reinforcing the company's access to low-cost committed capital.
Actionable Insight
The new $3B revolver locks in committed liquidity at favorable investment-grade pricing, reducing refinancing risk and supporting the $500M buyback program noted in the prior 20-F. Monitor the next quarterly filing for leverage ratio updates and any drawdowns on the facility.
Key Facts
- Signed a $3,000 million 5-year committed, Dollar-denominated syndicated sustainability-linked revolving credit agreement
- Covenants: max Consolidated Leverage Ratio of 3.75x, min Consolidated Coverage Ratio of 2.75x throughout the life of the loan
- Pricing margin over SOFR from 85 bps to 137.5 bps, depending on Cemex's credit rating (BBB+/Baa1 or higher to BB+/Ba1 or lower)
- Guaranteed by Cemex Corp.; expected to meet conditions and be available before June 30, 2026
- Proceeds for general corporate purposes, including refinancing financial obligations
Financial Impact
$3 billion revolving credit facility with SOFR+85-137.5 bps pricing
Risk Factors
- Covenant compliance depends on economic conditions and FX volatility, which could tighten headroom
- Pricing steps up if credit rating deteriorates below investment grade, increasing interest costs
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-245551 |
| Document: 0001193125-26-245551-index-headers.html | 0001193125-26-245551 |
| Document: 0001193125-26-245551-index.html | 0001193125-26-245551 |
| Document: 0001193125-26-245551.txt | 0001193125-26-245551 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
7d ago
|
6-K
| $1.25 awaiting T+1 | awaiting T+1 | — | $1.25 (0.00%) |
|
Jun 3, 2026
10d ago
|
6-K
| $1.30 $1.30 | · 0.00% | ▼ −0.40% | $1.25 (−3.85%) |
|
Jun 1, 2026
12d ago
|
6-K
| $1.30 $1.30 | · 0.00% | ▼ −0.14% | $1.25 (−3.85%) |
|
May 28, 2026
15d ago
|
6-K
| $1.30 $1.30 | · 0.00% | ▼ −0.26% | $1.25 (−3.85%) |
|
Apr 27, 2026
6w ago
|
6-K
| $1.20 $1.20 | · 0.00% | ▲ +0.49% | $1.25 (+4.17%) |
|
Apr 24, 2026
7w ago
|
6-K
| $1.20 $1.20 | · 0.00% | ▲ +0.49% | $1.25 (+4.17%) |
|
Apr 24, 2026
7w ago
|
20-F
| $1.20 $1.20 | · 0.00% | ▲ +0.49% | $1.25 (+4.17%) |
|
Apr 16, 2026
8w ago
|
6-K
| $1.17 $1.15 | ▼ −1.71% | ▼ −1.52% | $1.25 (+6.84%) |
|
Mar 27, 2026
11w ago
|
6-K
| $1.05 $1.10 | ▲ +4.76% | ▲ +1.87% | $1.25 (+19.05%) |
|
Mar 26, 2026
11w ago
|
6-K
| $1.05 $1.05 | · 0.00% | ▲ +0.36% | $1.25 (+19.05%) |
US Market Status
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