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SunCoke Energy Partners LP's subsidiary To Acquire Kanawha River Terminals LLC

Tuesday, 6 Aug 2013 04:31pm EDT 

SunCoke Energy Partners LP announced that its wholly-owned subsidiary executed a definitive agreement to acquire 100% of the ownership interest in Kanawha River Terminals LLC (KRT) for $86 million. KRT is wholly-owned by Traxys North America LLC, an international financing, marketing, distribution and trading company in metals, minerals and mining industries. This transaction is subject to regulatory approval and customary closing conditions and is expected to close in fourth quarter 2013. SXCP plans to finance this acquisition with a combination of available cash and its existing revolving credit facility. 

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