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8/15/2012 Hi-Crush Prices Initial Public Offering

Houston, Texas, August 15, 2012 – Hi-Crush Partners LP, a Delaware limited partnership (“Hi-Crush”), announced today that it has priced an initial public offering of 11,250,000 common units representing limited partner interests in Hi-Crush at $17.00 per unit.  Pursuant to the offering, Hi-Crush’s sponsor, Hi-Crush Proppants LLC (“Proppants”), will sell 11,250,000 units to the underwriters.   The common units are expected to begin trading on the New York Stock Exchange (“NYSE”) on August 16, 2012 under the ticker symbol “HCLP.”  Proppants has granted the underwriters a 30-day option to purchase up to 1,687,500 additional common units to cover over-allotments. The offering is expected to close on or about August 21, 2012, subject to customary closing conditions.

Barclays Capital Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint book-running managers for the offering.

Raymond James & Associates, Inc., RBC Capital Markets, LLC and Robert W. Baird & Co. Incorporated are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  Any offer of common units will be made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.  A copy of the prospectus relating to the offering may be obtained on the SEC's web site at http://www.sec.gov under the registrant’s name, “Hi-Crush Partners LP,” or from the offices listed below:

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847

Email:barclaysprospectus@broadridge.com

 

Morgan Stanley & Co. LLC

Attn: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014

Telephone: (866) 718-1649

Email: prospectus@morganstanley.com

 

Credit Suisse Securities (USA) LLC

Attn: Prospectus Department

One Madison Avenue

New York, NY 10010

Telephone: (800) 221-1037

Email:Newyork.prospectus@credit-suisse.com

 

UBS Securities LLC

Attn: Prospectus Department

299 Park Avenue

New York, NY 10171

Telephone: (888) 827-7275

 

Hi-Crush is a domestic producer of monocrystalline sand, a specialized mineral that is used as a “proppant” (frac sand) to enhance the recovery rates of hydrocarbons from oil and natural gas wells. Our reserves, which are located in Wyeville, Wisconsin, consist of “Northern White” sand, a resource that exists predominately in Wisconsin and limited portions of the upper Midwest region of the United States.

This news release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties, including, among others, that Hi-Crush’s business plans may change as circumstances warrant and securities of Hi-Crush may not ultimately be offered to the public because of general market conditions or other factors.

Investor contact:

Laura C. Fulton, Chief Financial Officer

ir@hicrushpartners.com

(713) 960-4811

 



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