GSE Holding, Inc. Announces Pricing Of Its Initial Public Offering

HOUSTON, Feb. 9, 2012 /PRNewswire/ -- GSE Holding, Inc. ("GSE") today announced the pricing of its initial public offering of 7,000,000 shares of common stock at a public offering price of $9.00 per share. All of the shares in the offering are being sold by GSE. GSE has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares at the initial public offering price to cover over-allotments, if any. The shares are expected to begin trading tomorrow, February 10, 2012, on the New York Stock Exchange under the ticker symbol "GSE", and the offering is expected to close on February 15, 2012.

GSE expects to use the net proceeds from the offering to, among other things, repay $20.0 million of borrowings under its Second Lien Term Loan and all outstanding borrowings under its Revolving Credit Facility, and for working capital and general corporate purposes.

Oppenheimer & Co. Inc., William Blair & Company, L.L.C. and FBR Capital Markets & Co. are acting as joint book-running managers for the offering. BMO Capital Markets Corp. and Macquarie Capital ( USA) Inc. are acting as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering of these securities is being made only by means of a prospectus forming part of the effective registration statement, copies of which may be obtained by sending a request to one of the following: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, Telephone: [phone], Email: [e-mail]; William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, Telephone: [phone], Email: [e-mail]; and FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth Street North, Arlington, Virginia 22209, Telephone: [phone], Email: [e-mail]. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of any 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.