OREANDA-NEWS. Continental Building Products, Inc. (NYSE:CBPX) (the “Company”) today announced that its largest stockholder, an affiliate of Lone Star Funds (the “Selling Stockholder”) intends to offer for sale in an underwritten secondary offering 4,500,000 shares of its common stock pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter has a 30-day option to purchase up to an additional 606,803 shares of common stock from the Selling Stockholder. The Selling Stockholder will receive all of the proceeds from this offering. No shares are being sold by the Company. Additionally, the Company has agreed to repurchase 900,000 shares of common stock from the Selling Stockholder in a private transaction, at a price per share equal to the per share price to be paid by the underwriter to the Selling Stockholder in the underwritten offering. The closing of the share repurchase will be contingent on the closing of the underwritten offering and is expected to close concurrently with the closing of the offering. The closing of the underwritten offering is not contingent on the closing of the share repurchase. If the underwriter’s option to purchase additional shares is exercised, the Selling Stockholder will not own any shares of the Company’s common stock following the underwritten offering and share repurchase.

The last reported sale price of the Company’s common stock on March 14, 2016 was $17.12 per share. The underwritten offering is expected to close on March 18, 2016, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC will act as the underwriter for the underwritten offering.