Key Developments: 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 LP gives FY 2014 EBITDA guidance below analysts' estimates - Conference Call
Monday, 16 Dec 2013 12:15pm EST 

SunCoke Energy Partners LP:Says FY 2014 adjusted EBITDA of $105 million to $112 million.FY 2014 EBITDA of $147 million - Thomson Reuters I/B/E/S.  Full Article

SunCoke Energy Partners LP Raises Low End of Prior FY 2013 Guidance
Friday, 25 Oct 2013 08:00am EDT 

SunCoke Energy Partners LP announced that it expects to fiscal 2013 results in the upper half of its original guidance ranges with adjusted EBITDA between $215-$230 million and earnings per share (EPS) of $0.35-$0.55 per share.  Full Article

SunCoke Energy Partners LP Completes Kanawha River Terminals Acquisition
Tuesday, 1 Oct 2013 04:33pm EDT 

SunCoke Energy Partners LP announced that it has completed the acquisition of 100% of the ownership interest in Kanawha River Terminals LLC (KRT) for $86 million. SXCP financed this acquisition with a combination of available cash and its existing revolving credit facility.  Full Article

SunCoke Energy Partners LP Completes Lakeshore Coal Handling Acquisition
Tuesday, 3 Sep 2013 08:40am EDT 

SunCoke Energy Partners, L.P announced that it has completed its acquisition of Lakeshore Coal Handling Corporation on August 30, 2013. SXCP purchased Lakeshore from privately held Beemsterboer Corporation for an all cash price of $28.6 million. Located in East Chicago, Indiana, Lakeshore has and will continue to provide coal handling and blending services to SunCoke Energy Inc.'s Indiana Harbor cokemaking operations. SXCP intends to maintain Lakeshore's current operations and retain existing staff.  Full Article

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.  Full Article

SunCoke Energy Partners LP Increases Quarterly Cash Distribution
Tuesday, 23 Jul 2013 04:30pm EDT 

SunCoke Energy Partners LP announced the declaration of its second quarterly cash distribution as a publicly traded master limited partnership. The cash distribution rate is $0.4225 per limited partnership unit and will be payable on August 30, 2013 to holders of record on August 15, 2013. This distribution marks the first escalation in our cash distribution rate, and represents a 2.4% increase over the minimum quarterly distribution amount of $0.4125.  Full Article

Suncoke Energy Partners LP Announces Intent To Acquire Lakeshore Coal Handling Corporation
Wednesday, 26 Jun 2013 07:55am EDT 

SunCoke Energy Partners L.P. announced that it has reached an agreement in principle to acquire the assets, specified liabilities and business operations of Lakeshore Coal Handling Corporation for a proposed purchase price of $29.6 million. This is expected to be an all cash transaction and is anticipated to close on July 31, 2013, subject to execution of a definitive agreement and customary closing conditions.  Full Article

SunCoke Energy Partners LP Initial Quarterly Cash Distribution
Tuesday, 23 Apr 2013 05:01pm EDT 

SunCoke Energy Partners LP announced that the declaration of its first quarterly cash distribution as a publicly traded master limited partnership. The initial cash distribution rate is $0.3071 per limited partnership unit and will be payable on May 31, 2013 to holders of record on May 15, 2013. This amount reflects the proration of the $0.4125 minimum quarterly cash distribution rate for the period from the closing of the initial public offering on January 24, 2013 through March 31, 2013.  Full Article

SunCoke Energy Partners LP Announces Pricing Of Senior Notes Offering
Friday, 18 Jan 2013 07:02am EST 

SunCoke Energy, Inc. announced that wholly owned subsidiary, SunCoke Energy Partners, L.P., a Delaware limited partnership (the Partnership) and SunCoke Energy Partners Finance Corp., a wholly-owned subsidiary of the Partnership (the co-issuer), have priced an offer to sell $150 million in aggregate principal amount of 7.375% senior unsecured notes due 2020 (the notes) in a private placement to eligible purchasers. The notes offering is expected to close on or about January 24, 2013 in connection with the closing of the Partnership`s initial public offering of common units representing limited partner interests in the Partnership. Each of the Partnership's existing subsidiaries (other than the co-issuer) and certain future subsidiaries will guarantee the notes.  Full Article

SunCoke Energy Partners LP Prices Initial Public Offering
Friday, 18 Jan 2013 02:02am EST 

SunCoke Energy Partners LP announced that it has priced 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. 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% limited partner interest in the Partnership, or a 49.4% limited partner interest if the underwriters exercise their option to purchase additional common units in full. SunCoke Energy, Inc., through certain of subsidiaries, will hold a 2.0% general partner interest 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.  Full Article

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