U.S. Silica repriced term B to be sized at $843 million after paydown

By Sara Rosenberg

New York, March 14 – U.S. Silica Co. will repay $25 million of its existing $868 million first-lien term loan B due March 2030 in connection with its repricing transaction, resulting in the repriced loan having a size of $843 million, according to a market source.

As previously reported, the repriced term loan (B1) is talked at SOFR plus 400 basis points with a 0.5% floor, an original issue discount of 99.5 to 99.75, 101 soft call protection for six months and no CSA.

BNP Paribas Securities Corp. and MUFG are the joint lead arrangers on the deal that launched with a lender call on Tuesday, with BNP the sole bookrunner and administrative agent.

Commitments are due at 5 p.m. ET on Wednesday.

The repricing will take the existing term loan down from SOFR+10 bps CSA plus 475 bps with a 0.5% floor.

U.S. Silica is a Katy, Tex.-based performance materials company and a provider of high value minerals and specialty products.

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