On May 1, 2017, Forterra, Inc. (the “Company”) and Forterra Finance, LLC, (“Forterra Finance”), a wholly owned subsidiary of the Company, entered into a First Amendment (the “Amendment”) to the Senior Lien Term Loan Credit Agreement dated October 25, 2016 (the loans thereunder, the “Term Loans”) among Forterra Finance, as borrower, the Company, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch as administrative agent. The Amendment, among other things, provides for (i) a repricing whereby the interest margins on the Term Loans are reduced by 0.50%, such that applicable margin for Term Loans based on LIBOR has been reduced from 3.50% to 3.00%, and (ii) the incurrence on the date of the Amendment of $200,000,000 of incremental Term Loans made on the same terms as the existing Term Loans after giving effect to the repricing (the “Incremental Term Loans”). The net proceeds of the Incremental Term Loans, after payment of fees and expenses, were applied to reduce outstanding amounts under the Company’s asset-backed revolving credit facility.

The foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which will be filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017, and which is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure required by this item is included in Item 1.01 above and is incorporated herein by reference.

About Forterra, Inc. (NASDAQ:FRTA)

Forterra, Inc. is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.

Forterra, Inc. (NASDAQ:FRTA) Recent Trading Information

Forterra, Inc. (NASDAQ:FRTA) closed its last trading session up +0.47 at 20.26 with 63,275 shares trading hands.