Forterra Announces Pricing of Secondary Offering of 10,000,000 Shares
IRVING, Texas, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (the “Company” or “Forterra”) (NASDAQ: FRTA) announced today the pricing of the previously announced underwritten secondary offering
by the Company’s largest stockholder, an affiliate of Lone Star Funds (the “Selling Stockholder”), of 10,000,000 shares of common stock of the Company, at a price of $13.50 per share (before
underwriting discounts and commissions). The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock of the
Company at the public offering price. The Selling Stockholder will receive all of the proceeds from the sale of shares in this offering. No shares are being sold by the Company.
The offering is expected to close on September 21, 2020.
Credit Suisse, BofA Securities and Citigroup are acting as joint book-running managers and representatives of the underwriters for the offering. Deutsche Bank Securities, RBC Capital Markets and Truist Securities are acting as book-running managers for the offering.
The Company has filed a shelf registration statement (including a prospectus) on Form S-3 with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. The registration statement was declared effective on December 27, 2019. Before you invest, you should read the base prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from:
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560, United States
By phone: 1-800-221-1037
By e-mail: email@example.com
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Attention: Prospectus Department
c/o Broadridge Financial Solutions
1155 Long Island Avenue Edgewood,
New York 11717
Deutsche Bank Securities Inc.