Forterra Announces Pricing of Secondary Offering of 10,000,000 Shares
16 Septiembre 2020 - 10:45PM
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) LLCBy mail: Attn: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, North Carolina
27560, United StatesBy phone: 1-800-221-1037By e-mail:
usa.prospectus@credit-suisse.com |
BofA Securities NC1-004-03-43 200 North College Street, 3rd Floor
Charlotte, NC 28255-0001 Attention: Prospectus Department
Email: dg.prospectus_requests@bofa.com |
Citigroup c/o Broadridge Financial Solutions 1155 Long Island
Avenue Edgewood, New York 11717 telephone:
1-866-803-9204 |
Deutsche Bank Securities Inc. Attn: Prospectus Group 60 Wall Street
New York, NY 10005-2836 Email: prospectus.cpdg@db.com |
RBC Capital Markets, LLC Attn: Equity Syndicate 200 Vesey Street,
8th Floor New York, NY 10281-8098 Email: equityprospectus@rbccm.com
Phone: 899-822-4089 |
Truist Securities, Inc.Attention: Prospectus Department3333
Peachtree Road NE, 9th floorAtlanta, Georgia
30326TruistSecurities.prospectus@Truist.com |
This press release shall not constitute an offer
to sell or the solicitation of any offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Forterra
Forterra is a leading manufacturer of water and
drainage pipe and products in the U.S. and Eastern Canada for a
variety of water-related infrastructure applications, including
water transmission, distribution, drainage and stormwater
systems. Based in Irving, Texas, Forterra’s product breadth
and scale help make it a preferred supplier for water-related pipe
and products, serving a wide variety of customers, including
contractors, distributors and municipalities.
Forward‐Looking
Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may be identified by the use of
words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. Forward-looking statements
should not be read as a guarantee of future performance or results,
and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved.
Forward-looking statements are based on historical
information available at the time the statements are made and are
based on management’s reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company’s control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Forward-looking statements speak
only as of the date on which they are made and the Company
undertakes no obligation to update any forward-looking statement to
reflect future events, developments or otherwise, except as may be
required by applicable law. Investors are referred to the
Company’s filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q, for additional information regarding the risks and
uncertainties that may cause actual results to differ materially
from those expressed in any forward-looking statement.
Contact Information:
Simon ChenVice President – Treasury and Investor
Relations 469.299.9113IR@forterrabp.com
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