secwatch.observer — SEC 8-K summary
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Issuer:     U.S. SILICA HOLDINGS, INC. (—)
CIK:        0001524741
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077966
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Silica completes $1.1B credit facility refinancing, extends maturities to 2028/2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/0001193125-23-077966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524741/000119312523077966/d464242d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077966

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