{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-077966","form_type":"8-K","ticker":null,"cik":"0001524741","company_name":"U.S. SILICA HOLDINGS, INC.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.384311+00:00","generated_at":"2026-06-17T18:09:20.492831+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"U.S. Silica completes $1.1B credit facility refinancing, extends maturities to 2028/2030","bullets":["New $1.1B senior secured facility: $950M Term Loan B due 2030 and $150M revolver due 2028 (up from $100M).","Net proceeds from term loan plus cash used to extinguish $109M of debt; over $250M debt retired in last nine months.","Term loan bears SOFR + 4.75% (0.10% credit spread adj.) with 0.5% floor; base rate + 3.75%.","Covenants include maximum consolidated leverage ratio of 4.00:1.00 tied to revolver usage threshold.","BNP Paribas, MUFG, TCBI, KeyBank arranged the transaction; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-077966","json":"https://secwatch.observer/filing/0001193125-23-077966.json","markdown":"https://secwatch.observer/filing/0001193125-23-077966.md","text":"https://secwatch.observer/filing/0001193125-23-077966.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/0001193125-23-077966-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/d464242d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T18:09:20.492831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3635f8aec876796a24d830430b9c88678d19214e","claim":"U.S. SILICA HOLDINGS, INC. incurred credit facility of $1.1 billion senior secured credit facility, consisting of a $950 million Term Loan B and a $150 million revolving credi with BNP Paribas at Term Secured Overnight Financing Rate plus a credit spread adjustment of 0.10% p maturing The term loan matures on March 23, 2030 and the revolving credit facility commitment expires March 23, 2028.","evidence_excerpt":"On March 23, 2023, U.S. Silica Holdings, Inc. (the “Company”), through its subsidiaries, USS Holdings, Inc., as guarantor, U.S. Silica Company (“U.S. Silica”), as borrower, and certain of U.S. Silica’s subsidiaries as additional guarantors (collectively, the “Loan Parties”), entered into the Fourth Amended and Restated Credit Agreement with BNP Paribas, as administrative agent, and the lenders named therein (the “Credit Agreement”). The Credit Agreement is comprised of a new $1.1 billion senior secured credit facility, consisting of a $950 million Term Loan B and a $150 million revolving credit facility that may also be used for swingline loans or letters of credit, and U.S. Silica may elect to increase the term loan or the revolving credit facility as defined in the Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/0001193125-23-077966-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.1 billion senior secured credit facility, consisting of a $950 million Term Loan B and a $150 million revolving credi"},{"label":"Counterparty","value":"BNP Paribas"},{"label":"Rate","value":"Term Secured Overnight Financing Rate plus a credit spread adjustment of 0.10% p"},{"label":"Maturity","value":"The term loan matures on March 23, 2030 and the revolving credit facility commitment expires March 23, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9c689561d027bf7403aa1f8f6e0998208e3aad40","claim":"U.S. SILICA HOLDINGS, INC. entered into Fourth Amended and Restated Credit Agreement with BNP Paribas valued at $1.1 billion senior secured credit facility ($950 million Term Loan B + $150 million revolving credi (effective 2023-03-23).","evidence_excerpt":"On March 23, 2023, U.S. Silica Holdings, Inc. (the “Company”), through its subsidiaries, USS Holdings, Inc., as guarantor, U.S. Silica Company (“U.S. Silica”), as borrower, and certain of U.S. Silica’s subsidiaries as additional guarantors (collectively, the “Loan Parties”), entered into the Fourth Amended and Restated Credit Agreement with BNP Paribas, as administrative agent, and the lenders named therein (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/0001193125-23-077966-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BNP Paribas"},{"label":"Value","value":"$1.1 billion senior secured credit facility ($950 million Term Loan B + $150 million revolving credi"},{"label":"Effective","value":"2023-03-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}