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U.S. Silica shops tender for $50 million of its term loan B at 97
By Sara Rosenberg
New York, June 29 – U.S. Silica Holdings Inc. is tendering for up to $50 million of its roughly $1.2 billion term loan B due May 2025 at a price of 97, according to a market source.
BNP Paribas Securities Corp. is the lead on the deal that launched on Tuesday.
The tender offer expires at noon ET on July 7, the source added.
Funds for the tender offer will come from cash on hand.
U.S. Silica is a Katy, Tex.-based industrial minerals and logistics company.
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