Forterra (FRTA) Announces Secondary Offering of 10 Million Shares
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Forterra, Inc. (the “Company” or “Forterra”) (NASDAQ: FRTA) announced today that the Company’s largest stockholder, an affiliate of Lone Star Funds (the “Selling Stockholder”), intends to offer for sale in an underwritten secondary offering 10,000,000 shares of common stock of the Company. The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock of the Company. 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.
Credit Suisse, BofA Securities and Citigroup are acting as joint book-running managers and underwriters 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.
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