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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Apr. 20, 9:18 AM

Slide #17. Hi-Crush Partners LP Secondary Offering

Company: Hi-Crush Partners LP (NYSE:HCLP)
Date announced: 4/8/2014
Shares Offered: 4,250,000
Date of Pricing: 4/9/2014
Price Per Share: $41.29
Secondary Offering Details: Hi-Crush Partners LP (NYSE:HCLP) ("Hi-Crush" or the "Partnership") today announced the commencement, subject to market conditions, of a primary public offering of 4.25 million common units representing limited partnership interests in the Partnership. The Partnership intends to use the net proceeds from this offering to partially finance the acquisition of its sponsor's Augusta facility, refinance its existing revolving credit facility, and for related fees and expenses. - updated 4/10 - Hi-Crush Partners LP (NYSE:HCLP) ("Hi-Crush") today announced the pricing of the primary offering of 4,250,000 common units at a price to the public of $41.29 per common unit. The offering is expected to close on or about April 15, 2014, subject to customary closing conditions. Hi-Crush intends to use the net proceeds from the offering to partially finance the recently announced acquisition of the Augusta facility, to refinance its existing revolving credit facility, and for related fees and expenses.

Hi-Crush Partners engages in the excavation and processing of raw frac sand for use in hydraulic fracturing operations for oil and natural gas wells. Co. owns and operates the Wyeville facility, which is located in Monroe County, WI and, as of Dec 31 2012, contained 53.9 million tons of proven recoverable sand reserves of mesh sizes Co. has contracted to sell. Co. also owns a preferred interest in Hi-Crush Augusta LLC, which owns the Augusta raw frac sand processing facility located in Eau Claire County, WI and, as of Dec 31 2012, contained 48.4 million tons of proven recoverable sand reserves. Co.'s frac sand is mainly sold to pressure pumping service providers under long-term contracts.
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Company Name:  Hi-Crush Partners LP
Website:  www.hicrushpartners.com
Sector:  Metals & Mining
Number of ETFs Holding HCLP:  1
Total Market Value Held by ETFs:  $158939
Total Market Capitalization:  $593.00M
% of Market Cap. Held by ETFs:  0.03%
 

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April 20, 2014    9:18 AM Eastern
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