FREDERICK, Md., March 16, 2016 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today that it has priced an
underwritten public offering of 8,695,700 shares of U.S. Silica
common stock, upsized from the previously announced 8,000,000
shares, for total estimated gross proceeds of $173,914,000. The underwriters have been granted
a 30-day option to purchase up to an additional 1,304,300 shares of
common stock.
U.S. Silica intends to use the net proceeds of the offering for
general corporate purposes including the potential acquisition of
complementary businesses or assets. The offering is expected to
close on March 22, 2016, subject to
customary closing conditions.
Barclays Capital Inc. and Morgan Stanley & Co. LLC acted 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:
Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New
York 11717, Telephone 888-603-5847, Email:
barclaysprospectus@broadridge.com or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd
floor, New York, NY 10014.
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 over 260 products to
customers across our end markets. The Company currently operates
nine industrial sand production plants and eight oil and gas sand
production plants. 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
Director of Investor Relations and Corporate Communications
(301) 682-0304
lawsonm@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.