Forterra (FRTA) Commences 18.42M Common Stock IPO; Sees Pricing of $19 - $21/Share

October 7, 2016 7:02 AM EDT
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Forterra, Inc. (Nasdaq: FRTA) announced that it has commenced an initial public offering of 18,420,000 shares of its common stock, all of which are being offered by the Company. The initial public offering price is expected to be between $19.00 to $21.00 per share. The Company and the Company's sole stockholder expect to each grant the underwriters an option to purchase up to an additional 1,381,500 shares of common stock. The Company has applied to list its common stock on the Nasdaq Global Select Market under the symbol "FRTA."

The Company intends to use its net proceeds from the offering to, among other things, repay certain indebtedness. The Company will not receive any proceeds from the sale of shares by the selling stockholder, in the event the option to purchase additional shares is exercised by the underwriters.

Goldman, Sachs & Co., Citigroup and Credit Suisse are acting as joint book-running managers for the offering and representatives of the underwriters. Barclays, Deutsche Bank Securities and RBC Capital Markets are acting as book-running managers for the offering. Oppenheimer & Co., Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers. The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering can be obtained from:

Goldman, Sachs & Co.


Attn: Prospectus Department

c/o Broadridge Financial Solutions

200 West Street

1155 Long Island Avenue

New York, NY 10282

Edgewood, NY 11717


Phone: 800-831-9146

Phone: 866-471-2526

Credit Suisse Securities (USA) LLC

Barclays Capital Inc.

Attn: Credit Suisse Prospectus Department

c/o Broadridge Financial Solutions

One Madison Avenue

1155 Long Island Avenue

New York, NY 10010

Edgewood, NY 11717



Phone: 1-800-221-1037

Phone: 888-603-5847

Deutsche Bank Securities Inc.

RBC Capital Markets, LLC

Attn: Prospectus Group

Attn: Equity Syndicate

60 Wall Street

200 Vesey Street, 8th Floor

New York, NY 10005-2836

New York, NY 10281-8098



Phone: 800-503-4611

Phone: 877-822-4089

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. 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.

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