FREDERICK, Md., Dec. 8, 2014 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) today announced the upsizing of its
senior secured term loan with BNP Paribas by an additional
$135 million to a total of
approximately $500 million.
U.S. Silica President and Chief Executive Officer Bryan Shinn said, "Upsizing our term loan
further enhances our already strong balance sheet and provides us
with additional flexibility to facilitate our disciplined approach
to capital allocation, which includes organic growth opportunities,
funding acquisitions and returning cash to shareholders."
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
114-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 over 250 products to
customers across our end markets. The company currently operates
nine industrial sand production plants and seven oil and gas sand
production plants. The company is headquartered in Frederick, Maryland and also has offices
located in Chicago, Illinois,
Houston, Texas and Shanghai, China. The company operates on
a platform of ethics, safety and sustainability. U.S. Silica was
named America's Best Small Company for 2014 by Forbes Magazine. The
Company is a founding member of Wisconsin Industrial Sand
Association (WISA) and has been recognized by the Wisconsin
Department of Natural Resources (WDNR) as a partner in the WDNR
Green Tier program. In becoming a Green Tier participant, U.S.
Silica demonstrates its commitment to achieving superior
environmental and economic performance.
U.S. Silica Holdings, Inc.
Michael Lawson
Director of Investor Relations and Corporate Communications
(301) 682-0304
lawsonm@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.