U.S. Silica Announces Successful Completion of Term Loan B Repricing and $25 Million Loan Repurchase [Yahoo! Finance]
U.S. Silica Holdings, Inc. (SLCA)
Last u.s. silica holdings, inc. earnings: 5/1 06:00 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=247793&p=irol-irhome
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Source: Yahoo! Finance
the leading last-mile logistics provider to the oil and gas industry, today 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, U.S. Silica has repurchased a total of $359 million in debt, lowering its debt service costs in today's high interest rate environment. "We are pleased with
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News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of U.S. Silica Holdings, Inc. - SLCAPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SLCA, HCP, IP, FUSNAccesswire
- U.S. Silica To Be Acquired For $15.50 Per Share; Positive For Smaller Peer Smart Sand [Seeking Alpha]Seeking Alpha
- Shareholder Alert: Ademi LLP investigates whether U.S. Silica Holdings, Inc. has obtained a Fair Price in its transaction with ApolloPR Newswire
- US Silica agrees to go private in $1.85 billion acquisition by Apollo Global [Yahoo! Finance]Yahoo! Finance
SLCA
Earnings
- 4/26/24 - In-Line
SLCA
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form 144
- SLCA's page on the SEC website