Cemex amortizes debt worth nearly $400M

• As part of its refinancing strategy to lower costs, Cemex (CX +2.2%) has amortized debt worth $397.4M that was due to expire in 2018 and 2019.
• Last month, the company announced an offer to buy back up to $400M in debt, and said that certain notes that were part of the offer - and tendered before 8 a.m. on May 9 - would be eligible for an early tender premium.
• Cemex stated it would pay for the early tendered notes on May 12, and expected to pay $423.9M.