U.S. Silica shops tender for $50 million of its term loan B at 96.25

By Sara Rosenberg

New York, Oct. 12 – U.S. Silica Holdings Inc. launched on Wednesday a tender offer for up to $50 million of its $1.112 billion covenant-lite term loan B due May 2025 at a price of 96.25, according to a market source.

BNP Paribas Securities Corp. is the lead on the deal.

The tender offer expires at 5 p.m. ET on Friday, 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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