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Fitch Ratings assigned the company an issuer default ratings of BB-. Moody's handed out its equivalent at Ba3 for the firm's corporate family rating.

The Barranquilla-based glass manufacturer is coming off a warrant exchange offer and the start of its quarterly dividend payment.

"We expect a substantial reduction of the warrant liability and an increase in shareholders' equity," said Tecnoglass CEO José M. Daes. in Colombia.

The public share offering will be held on this week on September 14 prior to the start of common stock trading in the Colombian stock exchange.

Warrant holders can exchange 2.5 outstanding warrants for one Tecnoglass ordinary share while the dividend will begin paying $0.125 per share in September.

Tecnoglass submitted its 2015 annual report, 2016 first quarter earnings report, and amended statements for all reports dating back to 2013.

BARRANQUILLA, Colombia–(BUSINESS WIRE)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC) the Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, yesterday announced...

Barranquilla based Tecnoglass, Inc. (NASDAQ:TGLS, BVC:TGLSC), the manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries headed by brothers Jose Daes & Christian Daes, announced today...

Tecnoglass can be called one of the first true Colombian multinationals, going beyond selling to other Latin American countries and establishing a significant market presence in the United States, which now accounts for more than half of revenues. With headquarters on Colombia’s...

Barranquilla, Colombia–(Business Wire)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC), the Barranquilla, Colombia based manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today...