If this causes a dip, BUY IT! - Dan
Houston, Texas, November 21, 2013 - Hi-Crush Partners LP (HCLP), "Hi-Crush" or the "Partnership," today announced the commencement, subject to market conditions, of a secondary public offering of 702,851 common units representing limited partner interests in the Partnership by Hi-Crush Proppants LLC (the "Selling Unitholder"). The Selling Unitholder owns Hi-Crush GP LLC, the Partnership`s general partner. After giving effect to the sale of common units by the Selling Unitholder in the proposed offering, the Selling Unitholder will continue to own all of the Partnership`s incentive distribution rights, 13,640,351 subordinated units and 3,750,000 Class B Units. The Partnership will not receive any proceeds from the sale of common units in the offering, and the number of common units outstanding will remain unchanged.
Barclays is acting as the sole underwriter for the offering.