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Hi-Crush Partners to launch $200 million term loan B on Wednesday
By Sara Rosenberg
New York, Dec. 5 – Hi-Crush Partners LP is set to hold a lenders’ presentation at 2 p.m. ET on Wednesday to launch a $200 million senior secured term loan B, according to a market source.
Morgan Stanley Senior Funding Inc. is the lead bank on the deal.
Proceeds will be used to refinance an existing term loan B due 2021.
Hi-Crush is a Houston-based producer, transporter, marketer and distributor of premium frac sand.
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