U.S. Silica Announces Credit Rating Upgrades by Moody's Ratings and S&P Global

KATY, Texas, March 15, 2024 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) (the "Company"), a diversified industrial minerals company and the leading last-mile logistics provider to the oil and gas industry, today announced that Moody's Ratings has upgraded its corporate family rating to B1 from B2 and revised the Company's outlook to Stable from Positive. This follows a recent upgrade from S&P Global where the Company's outlook was upgraded to Positive from Stable and their B issuer credit rating was affirmed. Both rating agency upgrades were supported by the Company's improving credit profile, which is reflective of its debt reduction prioritization, robust earnings growth in its industrial segment, and its focus on improving the flexibility of its cost structure.

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