MEXICO CITY (Reuters) - Mexico’s Cemex successfully closed a new $3.25 billion syndicated credit agreement, the company said on Monday, in the first debt issued under its sustainability-linked financing framework. The new credit agreement consists of $1.5 billion in five-year amortizing term loans and a $1.75 billion five-year committed revolving credit facility, the company said in a statement. Cemex said it used the proceeds to fully repay its previous facilities agreement. Cemex, North America’s top cement maker, said the agreement is denominated in dollars and has financial covenants consistent with an investment grade capital structure. Half of the term loans have been swapped into Euros using derivative instruments. The new agreement is the first debt offering under Cemex’s sustainability-linked financing framework, which the company describes as its ultimate vision of a carbon-neutral economy. “We are starting a new chapter for the company where we shift our strategic balance a bit more towards growth and the advancement of our Climate Action goals,” Cemex Chief Executive Fernando Gonzalez said in the statement. Reporting by Adriana Barrera and Cassandra Garrison; Editing by Richard Chang