U.S. Silica voluntarily repays $25 million of term loan

By Mary Katherine Stinson

Lexington, Ky., Dec. 29 – U.S. Silica Holdings Inc. completed a $25 million voluntary term loan principal repayment using excess cash on hand, according to a press release.

The debt was extinguished at par.

“Over the past six quarters, we have extinguished a total of $334 million of debt, incrementally reducing our debt service costs in today’s high interest rate environment. We are committed to delivering on our strategy of utilizing our cash flow from operations to simultaneously invest in increased capacity, added capabilities and innovative new products in our industrial business to take advantage of future growth opportunities and enhance shareholder value,” chief executive officer Bryan Shinn said in the press release.

U.S. Silica is a Katy, Tex.-based industrial minerals and logistics company.

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