N@N

GT Solar International, Inc. Announces Concurrent Offerings by Selling Stockholder

^{Published on 2010-09-07 04:06:22 - Market Wire}
 

MERRIMACK, N.H.--([ BUSINESS WIRE ])--On September 7, 2010, GT Solar International, Inc. (NASDAQ: SOLR), announced a secondary offering of 10,000,000 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 a maximum of 1,500,000 additional shares of common stock to cover over-allotments, if any. Concurrently with this offering, the selling stockholder has entered into agreements to sell up to 15,000,000 additional shares of the Companya™s common stock to UBS Securities LLC and one of its affiliates in connection with an offering by UBS AG of its Mandatorily Exchangeable Notes due 2013 (the aexchangeable notesa). GT Solar International, Inc. will not receive any proceeds from either transaction but will pay the expenses of the selling stockholder.

UBS Securities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the joint bookrunning managers for the underwritten public offering of the common stock, and Stifel Nicolaus Weisel is the lead manager. UBS Securities LLC is the sole bookrunner and underwriter for the exchangeable notes offering. A copy of the prospectus supplement and base prospectus relating to the underwritten public offering of the common stock may be obtained by contacting: UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884), Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037) or BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attn: Prospectus Department or email [ dg.prospectus_requests@baml.com ]. A copy of the base prospectus and prospectus supplement relating to the underwritten public offering of the exchangeable notes may be obtained by contacting UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884).

A shelf registration statement relating to both the underwritten public offering of common stock and the shares of common stock underlying the exchangeable notes offering was filed by the Company and declared effective on November 13, 2009 by the Securities and Exchange Commission (the aSECa). UBS AG has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the exchangeable notes) with the SEC for the offering of the exchangeable notes. 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. Before you invest, you should read these documents and other documents filed with the SEC for more complete information. You may obtain these documents for free by visiting EDGAR on the SECa™s website at [ www.sec.gov ].

About GT Solar International, Inc.

GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider of polysilicon production equipment and technology, crystal ingot growth systems and related services principally for the solar industry. The Company's products and services are designed to allow its customers to optimize their manufacturing environments and lower their cost of ownership.

Forward-Looking Statements

The matters discussed in this release include forward-looking statements. These statements are based on current expectations or beliefs and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including without limitation, whether or not the offerings of the common stock or the notes will be consummated and the anticipated terms of the offerings (including the terms of the exchangeable notes). GT Solar International, Inc. is providing this information as of the date of this news release and assumes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.