U.S. Silica Holdings, an industrial minerals company and last-mile logistics provider to the oil and gas industry, completed a $25 million voluntary term loan principal repayment. The debt was extinguished at par using excess cash on hand.
U.S. Silica Holdings, an industrial minerals company, entered into a fourth amended and restated credit agreement of $1.1 billion. BNP Paribas Securities, MUFG Bank., TCBI Securities and KeyBank arranged the transaction, with BNP Paribas serving as administrative agent.
BNP Paribas acted as administrative agent on a new $1.38 billion senior secured credit facility for U.S. Silica Holdings to support U.S. Silica’s acquisition of EP Acquisition Parent.
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.