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.

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