Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Hi-Crush Partners, LP (“Hi-Crush Partners” or the “Partnership”) (NYSE: HCLP) recently completed a follow-on offering of 4,325,000 common units at a price of $41.29 per unit, generating gross proceeds of approximately $178.6 million. The Partnership intends to use the proceeds from the offering to partially finance the acquisition of its sponsor’s raw frac sand processing facility located in Augusta, Wisconsin, refinance its existing revolving credit facility and for related fees and expenses.

Hi-Crush Partners is a pure play, low-cost, domestic producer and supplier of premium monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Partnership is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Kjell Lundal (314) 445-6533
Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
April 2014
Company
Hi-Crush Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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