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 3,750,000 common units at a price of $62.91 per unit, generating gross proceeds of approximately $235.9 million. The Partnership will not receive any proceeds from the sale of the common units by the selling unitholders.

Hi-Crush is an integrated producer, transporter, marketer and distributor of high-quality monocrystalline sand, a specialized mineral that is used as a "proppant" (frac sand) to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Partnership’s reserves, which are located in Wisconsin, consist of "Northern White" sand, a resource that exists predominately in Wisconsin and limited portions of the upper Midwest region of the United States. Hi-Crush owns and operates the largest distribution network in the Marcellus and Utica shales and has distribution capabilities throughout North America. The Partnership is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Gary Placek +1 (414) 765-3611
Kjell Lundal +1 (314) 445-6533
Energy
Follow-On Offering
Date
August 2014
Company
Hi-Crush Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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