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MONTERREY, Mexico — Cemex SAB, the largest cement maker in the Americas, reduced net debt by $1.2 billion during the third quarter, helping it meet a creditor covenant that some analysts predicted the company could miss.
Debt fell to about $16.4 billion from $17.6 billion, the Monterrey, Mexico-based company said in a statement to the Mexican stock exchange. Cemex also said it “slightly exceeded” third-quarter forecasts the company gave Sept. 11.
