FREDERICK, Md.--(BUSINESS WIRE)--Nov. 7, 2013--
U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced the commencement
of an underwritten public offering of 10.5 million shares of U.S. Silica
common stock by GGC USS Holdings, LLC, an affiliate of Golden Gate
Capital. The underwriter will be granted a 30-day option to purchase up
to an additional 1.575 million shares of 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
Upon consummation of the offering, Prescott H. Ashe and Brian Slobodow,
two of GGC USS Holdings’ designees to the Board of Directors of U.S.
Silica, will tender their resignation from the Board effective January
2, 2014. Rajeev Amara will continue as a member of the Board designated
by GGC USS Holdings following the consummation of the offering.
Morgan Stanley & Co. LLC is acting as the sole underwriter for the
U.S. Silica Holdings, Inc. has filed a registration statement (including
a prospectus) and preliminary prospectus supplement with the SEC for the
offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement, the
preliminary prospectus supplement and the other documents the issuer has
filed with the SEC for more complete information about the issuer and
this offering. You may get these documents for free by visiting EDGAR on
the SEC Web site at www.sec.gov.
Alternatively, the issuer, the underwriter or any dealer participating
in the offering will arrange to send you the prospectus and preliminary
prospectus supplement if you request them by calling Morgan Stanley &
Co. LLC at 1-866-718-1649.
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
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.
Source: U.S. Silica Holdings, Inc.
U.S. Silica Holdings, Inc.
Director of Investor
Relations and Corporate Communications