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US Silica Holdings (SLCA) has issued an announcement.
In a significant financial move, a company has issued $350 million in 8.750% Senior Secured Notes due for 2031 and entered into a First Lien Credit Agreement, providing for a $175 million revolving credit facility and a $775 million term loan, both secured by assets and equity interests. The company has also completed a merger, notifying the NYSE of the delisting of its common stock, with the stock expected to cease trading the day after the Closing Date. Following the merger, a new board was established, and the company’s incorporation documents were amended.
For detailed information about SLCA stock, go to TipRanks’ Stock Analysis page.