Hi-Crush Partners LP

Priced its private placement to eligible purchasers of $450 million aggregate principal amount of its 9.5% senior unsecured notes due 2026 at par. The offering is expected to close on August 1, 2018.

Hi-Crush estimates that it will receive net proceeds of approximately $441 million, after deducting the initial purchaser’s discounts and estimated expenses, which the partnership intends to use to refinance its senior secured term loan credit facility, to fund the cash purchase price of its previously announced acquisition of FB Industries Inc. and for general partnership purposes.