Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
U.S. SILICA HOLDINGS, INC. amended term loan of $25 million voluntary term loan principal repayment with BNP Paribas at applicable interest rate margins reduced by 75 basis points to 3.00% (for base r maturing March 23, 2030 (term loans); March 23, 2028 (revolving credit facility).
- Instrument
- term loan
- Principal
- $25 million voluntary term loan principal repayment
- Counterparty
- BNP Paribas
- Rate
- applicable interest rate margins reduced by 75 basis points to 3.00% (for base r
- Maturity
- March 23, 2030 (term loans); March 23, 2028 (revolving credit facility)
- Event
- amendment
Exact text from the filing
The Repricing Amendment reduces the applicable interest rate margins on the Credit Agreement’s term loans by 75 basis points to 3.00% (for the term loans bearing interest at rates based on the base rate) and to 4.00% (for the term loans bearing interest at rates based on the secured overnight financing rate). In conjunction with the Repricing Amendment, the Company completed a voluntary term loan principal repayment of $25 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
U.S. SILICA HOLDINGS, INC. amended Amendment No. 1 to Credit Agreement with BNP Paribas valued at repricing transaction reduces margins by 75 bps, includes $25 million repayment (effective 2024-03-25).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- BNP Paribas
- Value
- repricing transaction reduces margins by 75 bps, includes $25 million repayment
- Effective
- 2024-03-25
Exact text from the filing
On March 25, 2024, U.S. Silica Holdings, Inc. (the “Company”), through its subsidiaries, USS Holdings, Inc. (“Parent”), as guarantor, U.S. Silica Company (“U.S. Silica”), as borrower, and certain of U.S. Silica’s subsidiaries, as additional guarantors, entered into Amendment No. 1 to Credit Agreement (the “Repricing Amendment”), dated as of March 25, 2024, with BNP Paribas, as administrative agent (the “Agent”) for the lenders consenting to the Repricing Amendment, which amends certain terms in that certain Fourth Amended and Restated Credit Agreement, dated as of March 23, 2023 (the “Credit Agreement”), by and among Parent, U.S. Silica, certain of U.S. Silica’s subsidiaries party thereto, the lenders party thereto and the Agent.
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