Emerge Energy Services Announces Pricing of Upsized Public Offering of Common Units
November 17 2016 - 9:38PM
Southlake, Texas -
November 17, 2016 - Emerge Energy Services LP ("Emerge Energy")
today announced the pricing of an underwritten public offering of
3,400,000 common units representing limited partner interests in
Emerge Energy at $10.00 per common unit. The offering was upsized
from the previously announced offering of 2,750,000 common units.
Emerge Energy has granted the underwriters a 30-day option to
purchase up to 510,000 additional common units.
Emerge Energy will use the net proceeds from this
offering to repay borrowings under its amended and restated
revolving credit and security agreement. The offering is being made
under Emerge Energy's effective registration statement on Form S-1
(Registration No. 333-214237) initially filed on October 25, 2016,
as amended, with the Securities and Exchange Commission.
J.P. Morgan and Piper Jaffray & Co. acted as
joint book-running managers for the offering.
Copies of the prospectus relating to the offering
may be obtained free of charge on the Securities and Exchange
Commission's website at www.sec.gov or from the underwriters of the
offering as follows:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
Email: prospectus-eq_fi@jpmchase.com
Piper Jaffray & Co
Attention: Prospectus Department
800 Nicollet Mall, J12S03
Telephone: 800-747-3924
Email: prospectus@pjc.com
This press release does not constitute an offer to
sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering is
being made only by means of a prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended.
About Emerge Energy Services
LP
Emerge Energy Services LP (NYSE: EMES) is a
growth-oriented limited partnership engaged in the businesses of
mining, producing, and distributing silica sand, a key input for
the hydraulic fracturing of oil and gas wells, through its
subsidiary Superior Silica Sands LLC.
Forward-Looking
Statements
The presentation contains certain statements that
are "forward-looking statements." These statements can be
identified by the use of forward-looking terminology including
"may," "believe," "will," "expect," "anticipate," or
"estimate." These forward-looking statements involve risks
and uncertainties, and there can be no assurance that actual
results will not differ materially from those expected by
management of Emerge Energy. When considering these
forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in Emerge Energy's Annual
Report on Form 10-K and its other public filings filed with the
SEC. The risk factors and other factors noted in the Annual
Report and its other public filings could cause actual results to
differ materially from those contained in any forward-looking
statement. Except as required by law, Emerge Energy does not
undertake any obligation to update or revise such forward-looking
statements to reflect events or circumstances that occur after the
date hereof.
PRESS CONTACT
Investor Relations
(817) 865-5830
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Emerge Energy Services LP via Globenewswire
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