Crédit Agricole CIB Lead Arranger of $3.25 Billion Syndicated Sustainability-Linked Credit Agreement for Global Materials Producer CEMEX

Bank Also Inaugurates First Sustainability-Linked Cross-Currency Swap in Americas

NEW YORK--(BUSINESS WIRE)-- Crédit Agricole CIB acted as Senior Mandated Lead Arranger (SMLA) for a new USD 3.25Bn syndicated Credit Agreement under its Sustainability-Linked Financing Framework (the “Framework”) for CEMEX, S.A.B. de C.V. (“CEMEX”), a Mexico-based worldwide leading vertically integrated building materials company. Crédit Agricole CIB at the same time also executed its inaugural Sustainability-Linked Cross-Currency Swap (EURUSD) in the Americas.

The new credit agreement is the first debt offering under CEMEX’s Framework that the company describes as its ultimate vision of a carbon-neutral economy, as well as its first facility under Investment Grade-like Terms and Conditions. CEMEX, a manufacturer and distributor of cement, ready-mix concrete and aggregates, operates in more than 50 countries across five continents.

Crédit Agricole CIB also participated in the execution of a EUR Cross-Currency Swap using the indicators and objectives described in the Framework used for the facility, which benefited from a second party opinion from Sustainalytics. This swap represents the bank’s inaugural Sustainability-Linked Swap in the Americas, and is the first long-dated EURUSD Cross Currency Swap with CEMEX.

“We are proud to support CEMEX’s leadership and dedication to sustainability through their ground-breaking first ever Sustainability-linked Derivative in the Americas. CEMEX is a thought leader in the sustainable financing market, pioneering ambitious transactions,” said Romina Reversi, Head of Sustainable Banking for the Americas.

Both transactions underscore CEMEX’s commitment to sustainability and are aligned with the company’s ultimate vision of a carbon-neutral economy.

This is the second strategic transaction in which Crédit Agricole CIB accompanied CEMEX during 2021. Back in January, the bank also acted as Joint Bookrunner on CEMEX’s pricing of U.S.$1.75 billion Senior Secured Notes due 2031 denominated in U.S. Dollars.

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in Green Bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafters of Green Bond Principles and the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the Green bonds market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005808/en/

For media inquiries, please contact:

Crédit Agricole Corporate and Investment Bank

Jenna Lee

Head of Communications for the Americas

Email: jenna.lee@ca-cib.com

Tel: +1 212 261 7328

Source: Crédit Agricole CIB