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SunCoke Energy, Inc. Announces Launch Of SunCoke Energy Partners, L.P. Initial Public Offering

SunCoke Energy, Inc. (NYSE:SXC) (SunCoke) announced today that its wholly-owned subsidiary, SunCoke Energy Partners, L.P., a Delaware limited partnership (the Partnership) has launched its initial public offering (IPO) of 13,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The Partnership will grant the underwriters a 30-day option to purchase up to an additional 2,025,000 common units at the IPO price, less underwriting discounts. The common units will be listed on the New York Stock Exchange under the ticker symbol “SXCP”.

The common units being offered represent a 43.0 percent limited partner interest in the Partnership, or a 49.4 percent limited partner interest if the underwriters exercise their option to purchase additional common units in full. SunCoke Energy, Inc., through certain of its subsidiaries, will hold a 2.0 percent general partner interest, all of the Partnership’s incentive distribution rights, and the remaining limited partner interest in the Partnership.

Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Evercore Group L.L.C., Goldman, Sachs & Co., RBC Capital Markets, LLC and UBS Securities are acting as co-managers for the offering.

The offering of these securities will be made only by means of a prospectus. When available, a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 may be obtained from:

Barclays     BofA Merrill Lynch

c/o Broadridge Financial Solutions

222 Broadway, 7thFloor

1155 Long Island Avenue

New York, NY 10038

Edgewood, NY 11717

Attention: Prospectus Department

Telephone: 1-888-603-5847

dg.prospectus_requests@baml.com

barclaysprospectus@broadridge.com

 
Citigroup Credit Suisse

Brooklyn Army Terminal Financial

Attention: Prospectus Department

Attention: Prospectus Dept.

One Madison Avenue

140 58th Street, 8th Floor, Brooklyn, NY 11220

New York, NY 10010

Telephone: 1-800-831-9146

Telephone: 1-800-221-1037

batprospectusdept@citi.com

 
J.P. Morgan

via Broadridge Financial Solutions

1155 Long Island Avenue Edgewood, NY 11717

Telephone: 1-866-803-9204

 

The registration statement may be obtained free of charge at the SEC's website at www.sec.gov under the registrant's name, "SunCoke Energy Partners, L.P."

IMPORTANT INFORMATION

A registration statement relating to these securities has been filed with the SEC but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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