U.S. Silica Keeps Switching Sponsors

Golden Gate Capital and Preferred Unlimited Inc. have agreed to buy U.S. Silica from Harbinger Capital Partners, according to LBO Wire. The deal would include around $180 million in senior financing, including a $145 million term loan from BNP Paribas, and $72 million in mezz debt from Golden Gate. U.S. Silica is a Berkeley Springs, West Va.-based maker of industrial silica sand. Harbinger bought it from Harvest Partners last year for an undisclosed amount.