Emerge Energy Services (EMES) Announces 2.75M Common Units Offeirng
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Emerge Energy Services LP ("Emerge Energy") announced the commencement of an underwritten public offering of 2,750,000 common units representing limited partner interests in Emerge Energy, subject to marketing and other conditions. Emerge Energy expects to grant the underwriters a 30-day option to purchase up to 412,500 additional common units. Emerge Energy intends to use the net proceeds from the offering to repay borrowings under its amended and restated revolving credit and security agreement. The offering is being made under Emerge Energy's effective registration statement on Form S-1 (Registration No. 333-214237) initially filed on October 25, 2016, as amended, with the Securities and Exchange Commission.
J.P. Morgan and Piper Jaffray & Co. are acting as joint book-running managers for the offering.
When available, copies of the prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission's website at www.sec.gov or from the underwriters of the offering as follows:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
Piper Jaffray & Co
Attention: Prospectus Department
800 Nicollet Mall, J12S03
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
About Emerge Energy Services LP
Emerge Energy Services LP (NYSE: EMES) is a growth-oriented limited partnership engaged in the businesses of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and gas wells, through its subsidiary Superior Silica Sands LLC.
The presentation contains certain statements that are "forward-looking statements." These statements can be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," or "estimate." These forward-looking statements involve risks and uncertainties, and there can be no assurance that actual results will not differ materially from those expected by management of Emerge Energy. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Emerge Energy's Annual Report on Form 10-K and its other public filings filed with the SEC. The risk factors and other factors noted in the Annual Report and its other public filings could cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Emerge Energy Services LP via Globenewswire
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Create E-mail Alert Related CategoriesEquity Offerings
Related EntitiesPiper Jaffray, JPMorgan, S1
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