U.S. Silica Holdings makes $10 million prepayment on term loan

By Marisa Wong

Los Angeles, Sept. 30 – U.S. Silica Holdings, Inc. said it has completed a voluntary loan repurchase offer for $10 million of the term loan portion of its senior secured credit facility.

The debt was retired at a discount to par using excess cash on hand.

The company said the repayment reaffirms its commitment to reducing leverage.

The company’s $1.38 billion of credit facilities also include a $100 million revolver.

U.S. Silica is a diversified industrial minerals company based in Katy, Tex.

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