Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Simmons & Company International, Jefferies LLC and Wells Fargo Securities, LLC as joint book-running managers for the several underwriters in connection with the SEC-registered secondary offering of 9,775,000 shares of common stock of U.S. Silica Holdings, Inc., which includes 1,275,000 shares of common stock purchased by the underwriters pursuant to their additional share purchase option.
U.S. Silica is the second-largest domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of attractive end markets. During its 112-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 250 products to customers across these 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 horizontally drilled oil and natural gas wells.
The Davis Polk corporate team included partner Michael Kaplan, associate Jonathan C. Pentzien and law clerk Andrew Rowe. The environmental team included counsel Betty Moy Huber and law clerk Leah Cowdrey. Partner Kathleen L. Ferrell and associate Nicole P. Field provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.
