U.S. Silica Holdings announced the upsizing of its senior secured term loan with BNP Paribas by an additional $135 million to a total of approximately $500 million.

U.S. Silica President and Chief Executive Officer Bryan Shinn said, “Upsizing our term loan further enhances our already strong balance sheet and provides us with additional flexibility to facilitate our disciplined approach to capital allocation, which includes organic growth opportunities, funding acquisitions and returning cash to shareholders.”

U.S. Silica Holdings is a producer of commercial silica used in the oil and gas industry.