CEMEX Refinances $15 Billion in Debt

Skadden advised CEMEX, S.A.B. de C.V. in refinancing the bulk of the company's outstanding bank and private placement debt. The refinancing plan, completed on August 14, 2009, extends the maturities of approximately US$15 billion in syndicated and bilateral obligations with approximately 75 banks and private placement noteholders. Based in Mexico, CEMEX is a building materials company that provides products and services in more than 50 countries.