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Cemex jumps 9 pct after Reuters wins $3.7 bln refinancing 12.23.2008 Shares of Cemex jumped almost 9 percent on Dec 23 after Reuters beat Bloomberg by 2 minutes and Dow Jones by 21 minutes with the news it struck a deal with its bankers to refinance $3.7 billion in debt. This was a key announcement for investors who had been dumping the stock on fears Cemex could default next year. Credit Suisse upgraded its rating on the stock amid signs that Cemex may not be overwhelmed by its $16 billion debt load the next day. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Cemex jumps 9 pct after Reuters wins $3.7 bln refinancing

12.23.2008

Shares of Cemex jumped almost 9 percent on Dec 23 after Reuters beat Bloomberg by 2 minutes and Dow Jones by 21 minutes with the news it struck a deal with its bankers to refinance $3.7 billion in debt. This was a key announcement for investors who had been dumping the stock on fears Cemex could default next year. Credit Suisse upgraded its rating on the stock amid signs that Cemex may not be overwhelmed by its $16 billion debt load the next day.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here