PE-owned Continental Building Products debuts IPO

Continental Building Products has launched its IPO after having priced its offering of 11,765,000 shares at $14 per share. The stock is trading on the New York Stock Exchange under the ticker symbol “CBPX”. Citigroup, Credit Suisse Securities, Barclays, Deutsche Bank Securities and RBC Capital Markets are serving as lead underwriters. Based in Reston, Virginia, Continental Building Products, which is owned by Lone Star Funds, is a maker of gypsum wallboard and complementary finishing products.

PRESS RELEASE

RESTON, Va.–(BUSINESS WIRE)– Continental Building Products, Inc. (the “Company”), announced today the pricing of its initial public offering of 11,765,000 shares of its common stock, to be sold by the Company at a price of $14.00 per share (before underwriting discounts and commissions). The Company’s common stock will begin trading today on the New York Stock Exchange under the symbol “CBPX”. The offering is expected to close on February 10, 2014. The Company’s sole stockholder has granted the underwriters an option to purchase up to an additional 1,764,750 shares of common stock at the initial public offering price.
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, if any, by the selling stockholder.
Citigroup, Credit Suisse Securities, Barclays, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers for the offering. Zelman Partners LLC, SunTrust Robinson Humphrey, Stephens Inc. and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as co-managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 4, 2014. 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 Continental Building Products
Continental Building Products is a manufacturer of gypsum wallboard and complementary finishing products. The Company is headquartered in Reston, Virginia with operations serving the residential, commercial and repair and remodel construction markets in the eastern United States and eastern Canada.

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