LISLE, Ill., Dec. 14, 2017 /PRNewswire/ -- SunCoke Energy
Partners, L.P. (NYSE: SXCP) announced today that it and its wholly
owned subsidiary, SunCoke Energy Partners Finance Corp. ("Finance
Corp." and together, the "Issuers"), intend to offer to eligible
purchasers an additional $70 million
aggregate principal amount of their 7.50% senior unsecured notes
due 2025 (the "New Notes"). The New Notes are being offered as
additional notes under an indenture pursuant to which the Issuers
previously issued $630 million
aggregate principal amount in May
2017. The New Notes will be fully and unconditionally
guaranteed by all of SXCP's current subsidiaries (other than
Finance Corp.) and certain of its future subsidiaries.
SXCP intends to use the net proceeds received from this offering
to repay borrowings outstanding under its revolving credit
facility.
The New Notes will not be registered under the Securities Act of
1933, as amended (the "Securities Act"), or the securities laws of
any state and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements under the
Securities Act and applicable state securities laws. The New Notes
may be resold by the initial purchasers pursuant to Rule 144A and
Regulation S under the Securities Act. This press release is being
issued pursuant to Rule 135c under the Securities Act.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the New Notes nor shall there be
any sale of the New Notes in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
FORWARD-LOOKING STATEMENTS
Some of the statements
included in this press release constitute "forward looking
statements." Forward-looking statements include all statements that
are not historical facts and may be identified by the use of such
words as "believe," "expect," "plan," "project," "intend,"
"anticipate," "estimate," "predict," "potential," "continue,"
"may," "will," "should" or the negative of these terms or similar
expressions. Forward-looking statements are inherently uncertain
and involve significant known and unknown risks and uncertainties
(many of which are beyond the control of SXCP) that could cause
actual results to differ materially.
Such risks and uncertainties include, but are not limited to
domestic and international economic, political, business,
operational, competitive, regulatory, and/or market factors
affecting SXCP, as well as uncertainties related to: pending or
future litigation, legislation or regulatory actions; liability for
remedial actions or assessments under existing or future
environmental regulations; gains and losses related to acquisition,
disposition or impairment of assets; recapitalizations; access to,
and costs of, capital; the effects of changes in accounting rules
applicable to SXCP; and changes in tax, environmental and other
laws and regulations applicable to SXCP's businesses.
Forward-looking statements are not guarantees of future
performance, but are based upon the current knowledge, beliefs and
expectations of SXCP management, and upon assumptions by SXCP
concerning future conditions, any or all of which ultimately may
prove to be inaccurate. The reader should not place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. SXCP does not intend, and expressly
disclaims any obligation, to update or alter its forward-looking
statements (or associated cautionary language), whether as a result
of new information, future events or otherwise after the date of
this press release except as required by applicable law.
SXCP has included in its filings with the Securities and
Exchange Commission cautionary language identifying important
factors (but not necessarily all the important factors) that could
cause actual results to differ materially from those expressed in
any forward-looking statement made by SXCP. For information
concerning these factors, see SXCP's Securities and Exchange
Commission filings such as its annual and quarterly reports and
current reports on Form 8-K. All forward-looking statements
included in this press release are expressly qualified in their
entirety by such cautionary statements. Unpredictable or unknown
factors not discussed in this release also could have material
adverse effects on forward-looking statements.
ABOUT SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy
Partners, L.P. (NYSE: SXCP) is a publicly traded master limited
partnership that manufactures high-quality coke used in the blast
furnace production of steel and provides export and domestic
handling and/or mixing services of coal and other aggregates to the
coke, coal, steel and electric utility industries. In our
cokemaking business, we utilize an innovative heat-recovery
technology that captures excess heat for steam or electrical power
generation and have long-term, take-or-pay coke contracts that pass
through commodity and certain operating costs. Our terminals have
the collective capacity to mix and/or transload approximately 40
million tons of materials and store approximately 3 million tons
annually, and are strategically located to reach Gulf Coast, East
Coast, Great Lakes and international ports. SXCP's General Partner
is a wholly owned subsidiary of SunCoke Energy, Inc. (NYSE: SXC),
which has more than 50 years of cokemaking experience serving the
integrated steel industry. To learn more about SunCoke Energy
Partners, L.P., visit our website at www.suncoke.com.
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SOURCE SunCoke Energy Partners, L.P.