SunCoke Energy Partners LP (SXCP.N) Key Developments | Reuters.com
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SunCoke Energy Partners LP (SXCP.N)

SXCP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SunCoke Energy Partners, L.P announces pricing of private $200 million debt offering
Tuesday, 13 Jan 2015 04:31pm EST 

SunCoke Energy Partners, L.P:Prices private offering to eligible purchasers of an additional $200 mln aggregate principal amount of their 7.375 percent senior unsecured notes due 2020.The New Notes will be issued at a price equal to 102.000 pct of the principal amount thereof, plus accrued interest from Aug. 01, 2014, resulting in a yield to worst of 6.799 percent.SXCP expects to close the sale of the New Notes on Jan. 16, subject to the satisfaction of customary closing conditions.New Notes are being offered as additional notes under an indenture pursuant to which the Issuers originally issued $150 mln aggregate principal amount in January 2013 and $250 mln aggregate principal amount in May 2014.New Notes will be fully and unconditionally guaranteed by all of SXCP's current subsidiaries and certain of its future subsidiaries.Intends to use the majority of the net proceeds received to repay certain debt assumed from its sponsor, SunCoke Energy, Inc. , in connection with the acquisition of a 75 pct interest in SXC's Granite City, Ill., cokemaking facility and to prefund an environmental project at this facility.Intends to use the remainder of the proceeds to pay transaction costs for the acquisition and for general partnership purposes.  Full Article

SunCoke Energy Partners LP executes agreement to acquire 75 pct interest in the Granite City Cokemaking facility
Tuesday, 13 Jan 2015 08:03am EST 

SunCoke Energy Partners LP:Entered into a contribution agreement with its sponsor, SunCoke Energy, Inc, to acquire a 75 pct interest in SXC's Granite City, Ill., cokemaking facility for a total transaction value of $245 mln.Says the Granite City cokemaking facility, which began operations in 2009, has annual cokemaking capacity of 650,000 tons and produces super-heated steam for power generation.  Full Article

SunCoke Energy Partners LP gives FY 2014 earnings guidance
Friday, 24 Oct 2014 07:58am EDT 

SunCoke Energy Partners LP:Expects FY 2014 net income in the range of $59-$70 million.Expects FY 2014 EBITDA in the range of $$145-$151 million.  Full Article

SunCoke Energy Partners LP increases quarterly cash distribution
Tuesday, 21 Oct 2014 04:30pm EDT 

SunCoke Energy Partners LP:Declares a quarterly cash distribution of $0.5275 per limited partnership unit.Payable on Nov. 28 to holders of record on Nov. 14.Says distribution marks our sixth consecutive quarterly per unit increase and is 2.4 pct higher than the prior quarter.  Full Article

SunCoke Energy Partners LP increases quarterly cash distribution
Monday, 21 Jul 2014 05:54pm EDT 

SunCoke Energy Partners LP:Declares quarterly cash distribution of $0.515 per limited partnership unit, payable on Aug. 29, 2014 to holders of record on Aug. 15, 2014.This distribution marks a 1.5 cent, or 3.0 percent increase in cash distribution rate versus the prior quarter.  Full Article

BRIEF-SunCoke Energy partners L.P says receives sponsor support for Q2

* Suncoke energy partners, L.P. Declares distribution of $0.5940 per unit; receives sponsor support for second quarter