Cemex announced today that it has successfully refinanced its Euro denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029.

Cemex presented today its 2023 Integrated Report, titled “Setting the Pace”, in which it provides an analysis of its strategic vision, operational performance, and value creation in a year in which it continued to set EBITDA and decarbonization records.

Cemex’s strategy, outlined by CEO Fernando A. González and his management team, is focused on accelerated growth in the US, leveraging its leading position in the Mexico market to take advantage of unique growth opportunities, pioneering profitable lower-carbon and circular practices in Europe to implement worldwide, and expanding its fast-growing Urbanization Solutions business.

Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation.