SunCoke Energy, Inc. Announces Brazil Coke Facility Transactions

LISLE, Ill.–(BUSINESS WIRE)–SunCoke Energy, Inc. (NYSE: SXC) has announced that ArcelorMittal Brasil S.A. (”ArcelorMittal”) is redeeming SunCoke’s indirectly held preferred and common equity interest in Sol Coqueria Tubarão S.A. (the ”Brazil facility”) for cash consideration of $41 million. SunCoke received $20.5 million in cash at closing and will receive the remaining $20.5 million in cash, plus accrued interest, on April 1, 2017. Under the coke plant shareholders agreement, ArcelorMittal h
Source: BusinessWire-Primary

SunCoke Energy, Inc. Announces Brazil Coke Facility Transactions