SunCoke Energy tenders for up to $160 million 7 5/8% notes due 2019

By Jennifer Chiou

New York, April 25 - SunCoke Energy Partners, LP announced the start of its cash tender offer for up to $160 million of its $400 million of outstanding 7 5/8% senior notes due 2019.

According to a news release, the offer is in connection with the company's previously announced contribution agreement with SunCoke Energy, Inc. to acquire an additional 33% equity interest in SunCoke Energy Partners' Haverhill and Middletown cokemaking facilities.

The offer will end at 11:59 p.m. ET on May 22.

For each $1,000 principal amount, the company is offering $1,071.25, including an early tender premium of $30.00 to only those who tender prior to 5 p.m. ET on May 8.

The company will also pay accrued interest.

The settlement date for notes tendered by the early tender date is expected to be May 9, with the final settlement date slated for May 23.

The offer is conditioned on, among other things, the completion of a capital markets debt financing with net proceeds sufficient to fund the offer.

The depositary and information agent is Global Bondholder Services Corp. (212 430-3774 for banks and brokers or 866 470-3700). Citigroup Global Markets Inc. (212 723-6106 or 800 558-3745) and Barclays Capital Inc. (212 528-7581 or 800 438-3242) are the dealer managers.

SunCoke is based in Lisle, Ill. It manufactures coke used in the blast furnace production of steel.

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