SunCoke Energy, Inc. -- Moody's says SunCoke Energy Partners' recent acquisitions have no impact on existing ratings

New York, July 23, 2015 -- Moody's Investors Service said that the ratings of SunCoke Energy Partners, L.P. (SXCP), including the Ba3 CFR, Ba3-PD PDR, senior unsecured rating of B1 and stable outlook, are unaffected by the company's agreement to acquire Convent Marine Terminal from Raven Energy Partners for $412 million. Ratings are also unaffected by SXCP's agreement to acquire an additional 23% equity interest in Granite City from parent company SunCoke Energy, Inc. (SXC) for $67 million. The Convent acquisition will be financed initially with a combination of limited partnership units, approximately $115 million of assumed debt, and approximately $214 million with SXCP revolver/cash. SXCP plans to refinance the $214 million by issuing new notes at a future date. The Granite City dropdown will be funded by an assumption of SXC's senior unsecured notes and the issuance to SXC of general and limited partner interests in SXCP.

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