U.S. Silica Holdings, Inc. Announces Launch of Initial Public Offering
January 17 2012 - 5:52AM
Business Wire
U.S. Silica Holdings, Inc. announced today that it has commenced
an initial public offering of 11,764,705 shares of its common stock
pursuant to a registration statement on Form S-1 filed with the
U.S. Securities and Exchange Commission. U.S. Silica Holdings, Inc.
is offering 2,941,176 shares of its common stock and the selling
stockholder is offering 8,823,529 shares of common stock. The
underwriters will be granted a 30-day over-allotment option to
purchase up to 1,764,706 additional shares from the selling
stockholder.
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 these securities has been
filed with the U.S. Securities and Exchange Commission, but has not
yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time that the registration
statement becomes effective. 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 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 is headquartered
in Frederick, Maryland.