Solar Stocks; GT Solar International (NASDAQ: SOLR) Announces Secondary Offering of 25 million Shares of Common Stock by a Selling Stockholder

Solar Stocks; GT Solar International (NASDAQ: SOLR) Announces Secondary Offering of 25 million Shares of Common Stock by a Selling Stockholder


MERRIMACK, N.H.--(Investorideas.com Renewable/Green Newswire )--On March 1, 2010, GT Solar International, Inc. (NASDAQ: SOLR), announced a secondary offering of 25 million shares of its common stock by one selling stockholder, GT Solar Holdings, LLC, pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder has also granted the underwriters an option to purchase up to an additional 3.75 million shares of common stock to cover over-allotments, if any.

UBS Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, Thomas Weisel Partners LLC is the lead manager and Pacific Crest Securities LLC and Raymond James & Associates, Inc. are the co-managers.

A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884) or Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037).

A shelf registration statement relating to the offering was filed with and declared effective on November 13, 2009 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or solicitation of an 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 GT Solar International, Inc.

GT Solar International, Inc., based in Merrimack, NH, USA, is a leading global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry. The company’s products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership, accelerating the drive towards grid parity.

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