U.S. Silica Holdings, Inc. $406.4 Million Common Stock Offering
Davis Polk advised the joint book-running managers, in connection with the SEC-registered primary offering of 9,000,000 shares of common stock of U.S. Silica Holdings, Inc.
U.S. Silica is a leading producer of commercial silica used in the oil and gas industry and in a wide range of industrial applications. Over its 116-year history, the company has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 230 products to customers across their end markets. In U.S. Silica’s largest end market, oil and gas proppants, its “frac sand” is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells.
The Davis Polk corporate team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associate Andrew J. Terjesen. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Counsel Alon Gurfinkel and associate Lena X. Qiu provided tax advice. Members of the Davis Polk team are based in the New York and London offices.