Frac sand producer Hi-Crush Partners LP has filed an initial public offering (IPO) with the US Securities and Exchange Commission for $200m.
Houston-based Hi-Crush Partners plans to use proceeds from the offering to repay debt, to fund capital expenses, and for general partnership purposes.
Through Hi-Crush Proppants LLC, the company been operating a frac sand mine and plant on a 226.6 ha site at Wyeville, Monroe county, Wisconsin, for just over a year.
Hi-Crush has 48.4m s.tons of proven...