U.S. Silica Announces Pricing of Secondary Offering
March 14 2013 - 9:26AM
Business Wire
U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced the
pricing of an underwritten secondary public offering of 8,500,000
shares of U.S. Silica common stock at $22.00 per share. The shares
are being sold by GGC USS Holdings, LLC, an affiliate of Golden
Gate Capital, an existing stockholder of the Company.
U.S. Silica is not selling any shares and will not receive any
proceeds from the offering. In connection with the offering, the
selling stockholder has granted the underwriters a 30-day option to
purchase an additional 1,275,000 shares in the offering. The
offering is expected to close on March 19, 2013.
Morgan Stanley & Co. LLC, BofA Merrill Lynch, Simmons &
Company International, Jefferies LLC and Wells Fargo Securities,
LLC 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
by sending a request to: Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd floor, New York, NY
10014, Telephone: 866-718-1649, Email: prospectus@morganstanley.com
or BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, New York, NY 10038, Email:
dg.prospectus_requests@baml.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 Delaware corporation, is the
second largest domestic producer of commercial silica, a
specialized mineral that is a critical input into the oil and gas
proppants end market. The company also processes ground and
unground silica sand for a variety of industrial and specialty
products end markets such as glass, fiberglass, foundry molds,
municipal filtration and recreational uses. During its 100-plus
year history, U.S. Silica Holdings, Inc. has developed core
competencies in mining, processing, logistics and materials science
that enable it to produce and cost-effectively deliver over 250
products to customers across these end markets. U.S. Silica
Holdings, Inc. is headquartered in Frederick, Maryland.
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, 2012.
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