SunCoke Energy (SXC) expects its SunCoke Energy Partners subsidiary to sell 13.5M common units...

|About: SunCoke Energy (SXC)|By:, SA News Editor

SunCoke Energy (SXC) expects its SunCoke Energy Partners subsidiary to sell 13.5M common units at between $19 and $21 apiece in its IPO; at the midpoint of the range, the offering would raise $270M. The partnership also will sell $150M in senior notes. SXC says it expects U.S. coke production to increase ~67K tons to nearly 1.1M tons in Q4. SXC +0.3% premarket.