debt
confidence high
sentiment neutral
materiality 0.50
SunCoke Energy amends revolver; commitment cut to $325M, maturity extended to July 2030
SunCoke Energy, Inc.
- New revolving credit facility provides $325M in commitments, maturing July 2030 (springing to senior notes maturity).
- Facility is secured by liens on substantially all assets of SunCoke and subsidiary guarantors.
- Covenants restrict incurrence of debt, dividends, investments, asset sales, liens, affiliate transactions, and mergers.
- Amendment extends maturity from prior date, improving debt profile; agented by Bank of America.
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