Mexico Cemex extends tender period for offers

Mexico's Cemex, the world's No. 3 cement maker, has extended to May 7 the expiration date for four offers to exchange outstanding perpetual debentures, the company said in a statement on Monday.

The previous tender date to exchange outstanding perpetual debentures for new U.S. dollar- or euro-denominated senior secured notes was Friday.

Cemex , which launched the offers on April 5, seeks to cut its massive debt by $850 million by swapping the perpetual bonds.

From China Cement (2010-5-4)