2 PE-Backed Energy Cos. File IPOs Totaling $200M

Law360, New York (August 11, 2017, 4:37 PM EDT) -- Preferred Sands Inc., a KKR & Co. LP-backed supplier of fracking sand to oil and gas companies, on Thursday filed a preliminary $100 million initial public offering, making it the second energy-related issuer to join the IPO pipeline over the past week, preceded by oil field services company Quintana Energy Services Inc.

Radnor, Pennsylvania-based Preferred Sands is raising money primarily to repay debt, according to its registration statement, though it did not disclose how many shares will sell at what price. The $100 million estimate is...
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