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

Stocks in this article: SXCSXCP

SunCoke Energy, Inc. (NYSE: SXC) (SunCoke) announced today that its wholly owned subsidiary, SunCoke Energy Partners, L.P., a Delaware limited partnership (the Partnership) (NYSE: SXCP), has priced its initial public offering (IPO) of 13,500,000 common units representing limited partner interests at $19.00 per common unit. The common units are expected to begin trading on the New York Stock Exchange under the ticker symbol “SXCP” on January 18, 2013. The offering is expected to close on January 24, 2013, subject to customary closing conditions. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 2,025,000 common units to cover over-allotments, if any.

Upon conclusion of the offering, the public ownership will 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, through certain of its subsidiaries, will hold a 2.0 percent general partner interest and the remaining limited partner interest in the Partnership.

SunCoke expects that a portion of the proceeds from the offering will be distributed to it as a reimbursement for expenditures made by SunCoke during the two-year period prior to the offering for the expansion and improvement of the Haverhill and Middletown cokemaking facilities.

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 is being made only by means of a prospectus filed with the U.S. Securities and Exchange Commission (SEC). A written prospectus, which 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 Securities LLC

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 Partnership’s name, "SunCoke Energy Partners, L.P."

IMPORTANT INFORMATION

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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