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U.S. Silica Holdings, Inc. $200 Million Initial Public Offering
2/6/2012
Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Jefferies & Company, Inc. as joint book-running managers in connection with the initial public offering of 11,764,705 shares of common stock of U.S. Silica Holdings, Inc. The company offered 2,941,176 shares and certain selling stockholders offered 8,823,529 shares. The common stock is listed on the New York Stock Exchange under the symbol "SLCA."

U.S. Silica is the second-largest domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of attractive end markets. During its 111-year history, the company has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 200 products to customers across these end markets. In U.S. Silica’s largest end market, oil and gas proppants, its “frac sand” is used to stimulate and maintain the flow of hydrocarbons in horizontally drilled oil and natural gas wells.

The Davis Polk corporate team included partner Michael Kaplan and associates Jonathan C. Pentzien and Liang Dong. Counsel Betty M. Huber and associate Kevin J. Klesh provided environmental advice. Partner Kathleen L. Ferrell and associate Nicole P. Field provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Joshua Sills was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.