Cemex agrees extension on short-term debt maturities
MONTERREY, Mexico, April 23 (Reuters) - Mexico's Cemex said it has agreed to extend the majority of its short-term debt maturities, the first sign that the world's no. 3 cement maker is advancing in its painful debt renegotiation.
Chief Executive Lorenzo Zambrano, speaking on Thursday at the company's shareholders meeting, did not detail an amount.
Cemex (CX.N: Quote, Profile, Research) (CMXCPO.MX: Quote, Profile, Research) has $4.1 billion in debt maturing in 2009, about a third of its massive debt expiring over the next three years. (Reporting by Gabriela Lopez and Robin Emmott)
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