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: [email protected]
or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway,
New York, NY 10038, Email: [email protected].
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
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.
U.S. Silica Holdings, Inc.
Investor Relations and Corporate Communications