FREDERICK, Md.--(BUSINESS WIRE)--Jan. 31, 2012--
U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced the pricing of
its initial public offering of 11,764,705 shares of common stock at a
price of $17.00 per share. The shares will be listed on the New York
Stock Exchange and will trade under the symbol "SLCA" beginning on
February 1, 2012. U.S. Silica Holdings, Inc. is offering 2,941,176
shares of common stock and selling stockholders are offering 8,823,529
shares of common stock. The underwriters have an option to purchase up
to an additional 1,764,706 shares from one of the selling stockholders.
U.S. Silica Holdings, Inc. expects to receive net proceeds of
approximately $42.5 million from the offering and intends to use
approximately $34.5 million to fund future capital expenditures for its
business, including the construction of its new resin-coating facility
and to pay other transaction-related fees and expenses.
Morgan Stanley & Co. LLC, BofA Merrill Lynch and Jefferies & Company,
Inc. are acting as joint book-running managers for the offering. Simmons
& Company International, Dahlman Rose & Company, LLC, BB&T Capital
Markets, a division of Scott & Stringfellow, LLC, BNP Paribas Securities
Corp., Lazard Capital Markets LLC and Moelis & Company LLC are acting as
co-managers for the offering. The offering is being made by means of a
prospectus, copies of which may be obtained by sending a request to one
of the following: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014,
Telephone: 866-718-1649, Email: prospectus@morganstanley.com;
BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial
Center, New York, New York 10080, Email: dg.prospectus_requests@baml.com;
and Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 12th Floor, New York, New York 10022,
Telephone: 877-547-6340, Email: prospectus_department@jefferies.com.
A registration statement relating to shares of the common stock of U.S.
Silica Holdings, Inc. has been declared effective by the Securities and
Exchange Commission. This press release shall not constitute an offer to
sell or the solicitation of any offer to buy nor shall there be any sale
of these securities 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 Holdings, Inc.
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 and a
variety of attractive industrial and specialty products end markets.
During its 111-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 200 products
to customers across these end markets. U.S. Silica Holdings, Inc. is
headquartered in Frederick, Maryland.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements include but are not limited to our plans, objectives,
expectations and intentions and other statements that contain words such
as "expects," "contemplates," "anticipates," "plans," "intends,"
"believes" and variations of such words or similar expressions that
predict or indicate future events, or that do not relate to historical
matters. These statements are based on our current beliefs or
expectations and are inherently subject to significant uncertainties and
changes in circumstances, many of which are beyond our control. There
can be no assurance that our beliefs or expectations will be achieved.
Actual results may differ materially from our beliefs or expectations
due to economic, business, competitive, market and regulatory factors.
Source: U.S. Silica Holdings, Inc.
U.S. Silica Holdings, Inc.
855-SILICA-7 (855-745-4227)
IR@ussilica.com
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