Latham & Watkins Advises SunCoke Energy in Acquisition of Phoenix Global

SunCoke Energy, Inc. (NYSE: SXC) announced that it has entered into a definitive merger agreement pursuant to which SunCoke, a supplier of high-quality metallurgical coke and logistics services, will acquire all of the common units of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global (Phoenix), a privately held provider of mission-critical mill services to major steel producing companies, for $325 million on a cash free, debt free basis. SunCoke will fund the $325 million transaction with existing cash and availability under its undrawn revolving credit facility.

Latham & Watkins LLP represents SunCoke in the transaction with a corporate deal team led by Chicago partner Jason Morelli and Austin partner Rachel Ratcliffe Payne, with associates Lou Jeffers, Lura Bonney, and Saul Aguirre-Villarreal. Advice was provided on employee benefits and executive compensation matters by Chicago partner Ben Rosemergy, with associates Jordan Barnes and Kevin Matheny; on employment and labor matters by Chicago partner Nineveh Alkhas, with associate Jocelyn Wexler; on intellectual property matters by New York partner Jessica Cohen, with associate Ece Gonulal; on environmental matters by Chicago partner Robin Hulshizer and Los Angeles/Houston partner Joshua Marnitz, with associate Kate Johnstone; on real estate matters by New York counsel Karen Ritter; on insurance matters by San Diego counsel Hannah Cary, with associate Kirstin Chubb; and on financing matters by Chicago partner Cindy Caillavet Sinclair and Chicago counsel Katherine Stork, with associate Michael Harris.