PE-backed Foundation Building Materials rolls out IPO

Tustin, California-based Foundation Building Materials Inc, a provider of wallboard and suspended ceiling systems, has debuted its IPO after pricing 12.8 million shares of its IPO at $14 per share. The stock began trading February 10, 2017 on the New York Stock Exchange under the ticker symbol “FBM.” Deutsche Bank Securities, Barclays and RBC Capital Markets are serving as the lead underwriters. Foundation Building Materials is backed by Lone Star Funds.

PRESS RELEASE

TUSTIN, Calif., Feb. 9, 2017 /PRNewswire/ — Foundation Building Materials, Inc. (the “Company”) announced today the pricing of its initial public offering of 12,800,000 shares of its common stock, all of which are being offered by the Company, at a price of $14.00 per share (before underwriting discounts and commissions). The Company’s sole stockholder, an affiliate of Lone Star Funds, has granted the underwriters an option to purchase up to an additional 1,920,000 shares of common stock at the initial public offering price. The shares will begin trading tomorrow on the New York Stock Exchange under the symbol “FBM” and the offering is expected to close on February 15, 2017.

Deutsche Bank Securities, Barclays and RBC Capital Markets are acting as joint book-running managers for the offering and representatives of the underwriters, and Citigroup is acting as a book-running manager for the offering. Baird is acting as lead manager for the offering and Raymond James, Stephens Inc., SunTrust Robinson Humphrey and William Blair are acting as co-managers. The offering of these securities is being made only by means of a prospectus. Copies of the final prospectus relating to the offering can be obtained from:

Deutsche Bank Securities Inc.
Attn: Prospectus Group
60 Wall Street
New York, NY 10005-2836
Email: prospectus.cpdg@db.com
Phone: 800-503-4611

Barclays Capital Inc.
Attn: c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: barclaysprospectus@broadridge.com
Phone: 888-603-5847

RBC Capital Markets, LLC
Attn: Equity Syndicate
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Email: equityprospectus@rbccm.com
Phone: 877-822-4089

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 9, 2017. 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 Foundation Building Materials
Foundation Building Materials is a specialty distributor of wallboard and suspended ceiling systems throughout the U.S. and Canada. Based in Tustin, California, the Company employs more than 3,400 people and operates more than 200 branches across the U.S. and Canada.

About Lone Star
Lone Star is a private equity firm that invests globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized seventeen private equity funds (the “Funds”) with aggregate capital commitments totaling over $70 billion. The limited partners of the Funds include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals.

.