---
schema_version: "secwatch.filing_event.v1"
accession: "0001514705-25-000021"
form_type: "8-K"
ticker: "SXC"
cik: "0001514705"
company_name: "SunCoke Energy, Inc."
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:26:00.077856+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SunCoke completes $325M acquisition of Phoenix Global (Flame Aggregator)

## Summary
- 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.

## SEC filing metadata
- accession: 0001514705-25-000021
- form_type: 8-K
- ticker: SXC
- cik: 0001514705
- company_name: SunCoke Energy, Inc.
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514705/000151470525000021/0001514705-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514705/000151470525000021/sxc-20250801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514705-25-000021
- JSON: https://secwatch.observer/filing/0001514705-25-000021.json
- Plain text: https://secwatch.observer/filing/0001514705-25-000021.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514705/000151470525000021/0001514705-25-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.