U.S. Silica Holdings, Inc. announced that the company successfully completed the repricing of its seven-year $950 million senior secured Term Loan B (TLB) due March 23, 2030. The repricing closed at the tight end of guidance at 99.75 and reduces the interest rate margin applicable to the TLB by 75 basis points from 4.75% with a floor of 50 basis points to 4.00% with a floor of 50 basis points for Term SOFR term loans. In addition, the repricing eliminated the 10 basis point Term SOFR Adjustment for term loans and reduced the soft call from twelve months to six months.

In conjunction with the repricing transaction, the Company completed a voluntary term loan principal repayment of $25 million. The debt was extinguished at par using cash on hand. Over the last seven quarters, the company has repurchased a total of $359 million in debt, lowering its debt service costs in today's high interest rate environment.

BNP Paribas Securities Corp. is acting as administrative agent for the TLB. BNP Paribas Securities Corp.

and MUFG Bank Ltd. acted as joint lead arrangers and BNP Paribas Securities Corp. acted as the sole book runner.