secwatch.observer — SEC 8-K summary
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Issuer:     U.S. SILICA HOLDINGS, INC. (—)
CIK:        0001524741
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001193125-24-115933
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Silica to be acquired by Apollo Funds for $15.50 per share in cash
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- All-cash deal valued at $15.50 per share; Board unanimously approved and recommends adoption.
- Go-shop period allows U.S. Silica to solicit alternative proposals until June 10, 2024.
- Termination fees: $41.75M (Company) or $87.3M (Parent) under certain conditions.
- Apollo Funds commit $1.15B equity; $1.275B debt financing committed by financial institutions.
- Merger expected to close in Q3 2024, subject to stockholder approval and HSR clearance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524741/000119312524115933/0001193125-24-115933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524741/000119312524115933/d830642d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-115933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer