SunCoke Energy, Inc. (SXC): M&A transaction — SunCoke completes $325M acquisition of Phoenix Global (Flame Aggregator)

SunCoke Energy, Inc.

Acquisition closed August 1, 2025; total cash consideration $325M with customary adjustments.
Funded via cash on-hand and revolving credit facility borrowing.
Adds electric arc furnace mill services and expands SunCoke's international market presence.
Evercore served as financial advisor; Latham & Watkins as legal advisor.
Phoenix provides mission-critical mill services to major steel producers.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SunCoke Energy, Inc. completed an acquisition involving Flame Aggregator, LLC for $325 million (closed 2025-08-01).

Action: acquisition
Counterparty: Flame Aggregator, LLC
Consideration: $325 million
Closing: 2025-08-01

Exact text from the filing

and a wholly owned subsidiary of the Company (the “ Merger ”). Pursuant to the Merger Agreement, Flame Aggregator’s unitholders received cash consideration in an amount equal to $325 million, subject to certain customary adjustments for net working capital, cash and cash equivalents, indebtedness and unpaid transaction expenses, all as set forth in the Merger

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SunCoke Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001514705-25-000021

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