Germany, Hesse, Frankfurt, European Central Bank, detail of glass façade
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Latham & Watkins Advises on Tecnoglass’ Secondary Offering of Ordinary Shares by Energy Holding Corporation

May 18, 2023
Capital markets and tax team represented the underwriters in the offering by the producer of architectural glass, windows, and associated aluminum products.

Tecnoglass Inc. (NYSE: TGLS), a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets, has announced the pricing of the previously announced underwritten public offering by Energy Holding Corporation (Selling Stockholder) of an aggregate of 2,000,000 ordinary shares of Tecnoglass at the public offering price of US$43.00 per share. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 300,000 ordinary shares. All of the ordinary shares to be sold in the proposed offering are being offered by the Selling Stockholder. The Company will not receive any proceeds from the sale of the ordinary shares being offered by the Selling Stockholder.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, and Erika Weinberg, with associates Angel Marcial and Carolina Bernal. Advice was also provided on tax matters by partner Jiyeon Lee-Lim.

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