Southlake, Texas – May 8, 2013 – Emerge Energy Services LP (“Emerge”) announced today the pricing of its initial public offering of 7,500,000 common units representing limited partner interests at $17.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange on May 9, 2013, under the ticker symbol “EMES.” The underwriters will be granted a 30-day option to purchase from Emerge up to an additional 1,125,000 common units at the initial public offering price. The offering is expected to close on or about May 14, 2013, subject to customary closing conditions.
Emerge intends to use the net proceeds from the offering, excluding the net proceeds from any exercise of the underwriters’ option to purchase additional common units, to repay indebtedness, make a distribution to existing equity holders, pay compensation expenses and to pay offering expenses. Citigroup, BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers of the offering. Stifel, Nicolaus & Company, Incorporated, Robert W. Baird & Co. Incorporated, PNC Capital Markets LLC, and Wunderlich Securities, Inc. are acting as co-managers.
The offering of these securities is being made only by means of a prospectus. When available, a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 may be obtained from:
Citigroup BofA Merrill Lynch
c/o Broadridge Financial Solutions Attn: Prospectus Department
1155 Long Island Avenue 222 Broadway
Edgewood, NY 11717 New York, NY 10038
Telephone: 1-800-831-9146 Email: email@example.com
J.P. Morgan Wells Fargo Securities
c/o Broadridge Financial Solutions Attention: Equity Syndicate Department
1155 Long Island Avenue 375 Park Avenue
Edgewood, New York 11717 New York, New York 10152
Telephone: 866-803-9204 Telephone: 800-326-5897
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). The registration statement is available on the SEC’s website at http://www.sec.gov under the registrant’s name, “Emerge Energy Services LP.” This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
This release 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 Services LP. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the registration statement filed with the SEC in connection with this initial public offering. The risk factors and other factors noted in our prospectus could cause our actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy Services LP does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.