US Silica Holdings Inc., a portfolio company of Golden Gate Capital (GGC), has filed with the US Securities Exchange Commission for a proposed $200m. initial public offering (IPO) of its common stock, the group confirmed to IM.
US Silica said that Morgan Stanley is acting as book-running manager of the proposed offering and that the listing will only be made by means of a prospectus.
When questioned by IM as to whether the company will invest the offering in its 13 silica operations in the USA, the company said that it has entered a “quiet period” and will not be commenting on questions about its operations or plans.
The 111 year-old company said in a filing though, that the proceeds will be used to finance acquisitions and for general corporate purposes.
US Silica is the second largest US producer of commercial silica, after Unimin Inc., and produces for...