Ciments Français announces that its previously announced tender offer to purchase any or all of its outstanding 2002 and 2006 U.S. private placement notes has closed. Investors holding a total nominal value of, respectively, $183.5 million of the 2002 issue (out of $200 million previously outstanding) and the entire outstanding amount ($300 million) of the 2006 issue, validly tendered their notes for repurchase.

Ciments Français is repurchasing all notes tendered for $1,065 per $1,000 par value plus accrued and unpaid interest until the settlement date. 

Funds for the repurchase of the notes have been made available to the Company by Italcementi and its affiliate Italcementi Finance via long-term intercompany loans at arm’s-length conditions, strengthening the liquidity profile of the Company.

JP Morgan and Royal Bank of Scotland have acted as financial advisors in this transaction, and Wachtell, Lipton, Rosen & Katz has acted as legal advisor.