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:  0001524741-24-000012
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Silica posts Q1 EPS $0.17, enters $1.85B acquisition by Apollo
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- Q1 GAAP EPS $0.17; adjusted EPS $0.20; revenue $325.9M down 26% YoY.
- Agreed to be acquired by Apollo Funds for $1.85 billion enterprise value in all-cash deal.
- Repriced term loan (85 bps reduction) and extinguished $25M of debt in Q1.
- Moody's and S&P upgraded credit ratings during the quarter.
- Oil & Gas segment revenue $183.2M (-39% YoY); ISP segment flat at $142.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524741/000152474124000012/0001524741-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524741/000152474124000012/slca-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001524741-24-000012

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