Suncoke Energy Partners and certain subsidiaries entered into an amended credit facility with Bank of America as administrative agent, increasing available funds with a $285 million secured credit facility.
The amendment also extended the revolving termination date by four years from 2018 to 2022. The credit agreement allows the borrowers, subject to certain conditions, to obtain up to $200 million of incremental revolving loans or term loans subject to obtaining commitments from existing or additional lenders.
According to a related 8-K filing, ABN AMRO Capital USA served as syndication agent, and TD Bank served as documentation agent.
The obligations under the agreement are guaranteed by Suncoke Energy Partners’ subsidiaries and secured by liens on substantially all of the partnerships’ and the guarantors’ real and personal property assets.