Hi-Crush Partners LP Announces Primary Offering of Common Units

Thomson Reuters ONE

Hi Crush LP_TM_1c_PMS 549
Hi Crush LP_TM_1c_PMS 549

News Release

Hi-Crush Partners LP Announces Primary Offering of Common Units

Houston, Texas - April 8, 2014 - Hi-Crush Partners LP (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.

Barclays, Morgan Stanley, UBS Investment Bank, and BofA Merrill Lynch are acting as joint-book runners in the offering. The offering will be made only by means of a prospectus supplement and an accompanying prospectus, copies of which may be obtained, when available, by sending a request to:

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com

Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Telephone:  (866) 718-1649
Email:  prospectus@morganstanley.com

UBS Investment Bank
Attn:  Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone:  (888) 827-7275

BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, NY 10038
Email: dg.prospectus_requests@baml.com

You may also get these documents for free by visiting the Securities and Exchange Commission`s website at www.sec.gov.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sales of the 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.

About Hi-Crush

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. Our reserves, which are located in Wyeville, 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.

Forward-Looking Statements

Some of the information in this news release may contain forward-looking statements. Forward-looking statements give our current expectations, and contain projections of results of operations or of financial condition, or forecasts of future events. Words such as "may," "assume," "forecast," "position," "predict," "strategy," "expect," "intend," "plan," "estimate," "anticipate," "could," "believe," "project," "budget," "potential," or "continue," and similar expressions are used to identify forward-looking statements. They can be affected by assumptions used or by known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Hi-Crush`s reports filed with the Securities and Exchange Commission ("SEC"), including those described under Item 1A of Hi-Crush`s Form 10-K for the year ended December 31, 2013 and any subsequently filed 10-Q. Actual results may vary materially. You are cautioned not to place undue reliance on any forward-looking statements. You should also understand that it is not possible to predict or identify all such factors and should not consider the risk factors in our reports filed with the SEC or the following list to be a complete statement of all potential risks and uncertainties. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include: whether we are able to complete the Augusta acquisition; the volume of frac sand we are able to sell; the price at which we are able to sell frac sand; the outcome of any pending litigation; changes in the price and availability of natural gas or electricity; changes in prevailing economic conditions; and difficulty collecting receivables. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. Hi-Crush`s forward-looking statements speak only as of the date made and Hi-Crush undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Investor Relations
(713) 960-4811

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hi-Crush Partners LP via GlobeNewswire