Cemex amortizes debt worth over $350M

• Cemex (NYSE:CX), which has been selling assets to cut debt, announced an offer to buy back up to $400M in debt in April, but had said it would not repurchase more than $150M of the 2022 debt.
• However, the company said debtholders agreed to an early tender of the 9.375% notes falling due in 2022, with the company agreeing to pay $353M.
• Cemex is expected to make the payment on July 19. It's not clear why it amortized more than previously contemplated.