U.S. Silica Holdings, Inc. Announces Completion of $25 Million Loan ...

U.S. Silica Holdings, a leading last-mile logistics provider to the oil and gas industry, has announced the repayment of a $25 million voluntary term loan. The debt was paid off using excess cash on hand. This payment is part of the company's strategy to reduce debt and strengthen its balance sheet. U.S. Silica has already extinguished $309 million of debt in the past five quarters. The company remains committed to investing in increased capacity and new products to drive future growth.

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Q: What is the announcement regarding?

A: U.S. Silica Holdings, Inc. has announced the completion of a $25 million loan.

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