FREDERICK, Md., Nov. 22, 2016 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today the full exercise
of the underwriters' option to purchase 1,350,000
additional shares of its common stock. The option was granted
by U.S. Silica to the underwriters in connection with the
previously consummated public offering of 9,000,000 shares of
common stock. Settlement of the sale of the additional shares is
expected to occur on November 23,
2016, subject to customary closing conditions.
U.S. Silica intends to use the net proceeds from the sale of the
additional shares of common stock to fund general corporate
purposes including potential acquisitions of complementary
businesses or assets.
Morgan Stanley & Co. LLC and Barclays Capital Inc. are
acting as joint book-running managers for the offering.
This offering is being made by means of a prospectus supplement
and accompanying base prospectus, copies of which may be obtained
for free by visiting EDGAR on the Securities and Exchange
Commission (SEC) website at www.sec.gov. Alternatively, the
prospectus and prospectus supplement may be obtained by sending a
request to: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd floor, New York, New York 10014 or Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717,
Telephone 888-603-5847, Email:
barclaysprospectus@broadridge.com.
This offering is being made pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the Company's common
stock or any other securities, and there shall not be any offer,
solicitation or sale of securities mentioned in this press release
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 such any state or jurisdiction.
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is a
leading producer of commercial silica used in the oil and gas
industry, and in a wide range of industrial applications. Over its
116-year history, U.S. Silica has developed core competencies in
mining, processing, logistics and materials science that enable it
to produce and cost-effectively deliver 235 products to over 1,200
customers across our end markets. The Company currently operates
nine industrial sand production plants, nine oil and gas sand
production plants and seven Sandbox distribution centers. The
Company is headquartered in Frederick,
Maryland and also has offices located in Chicago, Illinois, and Houston, Texas.
Cautionary Information Regarding Forward-Looking
Statements
Any statements in this press release that are not entirely
historical in nature constitute forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that these
statements involve risks and uncertainties, are only predictions
and may differ materially from actual future events or results. For
important information regarding forward-looking statements, please
read page 1 and 2 of the Company's Annual Report on Form 10-K for
the year ended Dec. 31, 2015.
U.S. Silica Holdings, Inc.
Michael Lawson
Vice President of Investor Relations and Corporate
Communications
301-682-0304
lawsonm@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.