The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 21, 4:03 PM

Slide #3. Fairmount Santrol Secondary Offering

Company: Fairmount Santrol (NYSE:FMSA)
Date announced: 10/19/2016
Shares Offered: 30,250,000
Date of Pricing: 10/19/2016
Price Per Share: $10.21
Secondary Offering Details: Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that it has commenced an underwritten public offering of 28,000,000 shares of Fairmount Santrol common stock. The underwriter will be granted a 30-day option to purchase up to an additional 4,200,000 shares of common stock. -updated 10/19- Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the pricing of its underwritten public offering of 30,250,000 shares of Fairmount Santrol common stock, upsized from 28,000,000 shares of common stock, for total gross proceeds of approximately $285.9 million before deducting underwriting commissions and estimated offering expenses. The underwriter will be granted a 30-day option to purchase up to an additional 4,537,500 shares of common stock. The underwriter may offer the shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on October 25, 2016, subject to customary closing conditions.

Fairmount Santrol Holdings is a supplier of sand-based proppant solutions used by oilfield service and exploration and production companies. Co. has approximately 80 customers for its oil and gas proppants and nearly 850 customers across all end markets. Co.'s asset base includes 798.0 million tons of proven and probable mineral reserves, 11 sand processing facilities with 14.8 million tons of annual sand processing capacity. Co.'s also has 10 coating facilities with 2.3 million tons of annual coating capacity include operations in Mexico, Denmark and China, through which Co. serves international oil and gas markets.

FMSA SEC Filing Email Alerts Service

Open the FMSA Page at The Online Investor »

Company Name:  Fairmount Santrol Holdings Inc
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding FMSA:  23
Total Market Value Held by ETFs:  $36.34M
Total Market Capitalization:  $1.86B
% of Market Cap. Held by ETFs:  1.96%

Open the FMSA Page at The Online Investor (in a new window) »

October 21, 2016    4:03 PM Eastern
Quotes delayed 20 minutes

Buy (3.00 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.