SunCoke Energy’s $500 Million Senior Secured Notes Offering

Simpson Thacher represented the initial purchasers in the offering.

SunCoke Energy, Inc. (“SunCoke Energy”) executed its offering of $500 million aggregate principal amount of 4.875% Senior Secured Notes due 2029 pursuant to Rule 144A and Regulation S.

SunCoke Energy used the net proceeds from the offering, together with borrowings under the new revolving credit facility, to fund the conditional redemption of all the outstanding 7.5% Senior Notes due 2025 and pay fees and expenses related to the conditional redemption and the issuance of the new notes.

SunCoke Energy is the largest independent producer of high-quality coke in the Americas, as measured by tons of coke produced each year, and has more than 60 years of coke production experience. SunCoke Energy also owns and operates a logistics business, which primarily provides handling and/or mixing services of coal and other aggregates to third-party customers as well as to its own cokemaking facilities.

The Simpson Thacher team advising Goldman Sachs & Co. LLC, BofA Securities, Inc. and the other initial purchasers included John C. Ericson (Picture), Mark Brod and Arielle L. Katzman (Capital Markets); Jonathan S. Pall (Collateral); Timothy Gallagher (Real Estate); Andrew B. Purcell and Kris Liu (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); and Andrew J. Pagliughi (Blue Sky). Summer Associates Jack Ligon and Vihan Khanna also provided valuable assistance.

Involved fees earner: Mark Brod – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Arielle Katzman – Simpson Thacher & Bartlett; Kris Liu – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Goldman Sachs & Co.;

Martina Bellini

Author: Martina Bellini