Deal Details

Tecnoglass Completes $98.9 Million Follow-On Offering

Industrial

Tecnoglass follow-on offering

Summary

Tecnoglass Inc. (“Tecnoglass” or the “Company”) (NYSE: TGLS) recently completed a secondary public offering of the Company’s ordinary shares (the “Offering”) by Energy Holding Corporation (“Selling Stockholder”). The aggregate size of the Offering was 2,300,000 ordinary shares, including 300,000 ordinary shares sold pursuant to full exercise of the underwriters’ option to purchase additional shares from the Selling Stockholder, at a price to the public of $43.00 per share. Tecnoglass did not receive any proceeds from the Offering.

Baird served as the lead bookrunner on this offering.

About

Tecnoglass is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. The Company’s 4.1 million square foot, vertically integrated, and state-of-the-art manufacturing complex provides efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 96% of total revenues. Tecnoglass’ tailored, high-end products are found on some of the world’s most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), and Pabellon de Cristal (Barranquilla). Tecnoglass Inc. is headquartered in Barranquilla, Colombia.

Industrial

Tecnoglass follow-on offering