U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced the commencement
of an underwritten public offering of 4,526,471 shares of U.S. Silica
common stock by GGC USS Holdings, LLC, an affiliate of Golden Gate
Capital. Upon completion of the offering, GGC USS Holdings, LLC will no
longer own any U.S. Silica common stock. U.S. Silica will not receive
any proceeds from the offering. The total number of U.S. Silica shares
of common stock outstanding will not change as a result of the offering.
Morgan Stanley & Co. LLC is acting as the sole underwriter for the
offering.
The offering of these shares of common stock is being made only by means
of a prospectus supplement and related prospectus. You may obtain these
documents 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
from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York,
New York 10014, Attention: Prospectus Department.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the common shares nor shall there be any
sale of the common shares 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 any such state or
jurisdiction.
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is one of the
largest domestic producers 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, MD.
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.
Copyright Business Wire 2013