SunCoke Energy, Inc. announced that In order to finance a portion of the repayment of the outstanding 7 5/8% Senior Notes due 2019 of SunCoke Energy, Inc. and to pay related fees and expenses, on January 10, 2018, the Company, as borrower, incurred an incremental term loan in the principal amount of $45,000,000 (the Incremental Term Loan) pursuant to its existing Amended and Restated Credit Agreement, dated as of May 24, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the Credit Agreement), among the Company, the several lenders from time to time party thereto and Bank of America, N.A., as administrative agent (the Administrative Agent). To evidence the existence and certain terms of the Incremental Term Loan, the Company entered into the First Amendment to Credit Agreement (the First Amendment) with the Administrative Agent. Prior to the incurrence of the Incremental Term Loan, the Credit Agreement provided for a $100 million secured credit facility allowing for the borrowing of revolving loans and, subject to a $50 million sublimit, the issuance of letters of credit (the Original Credit Facilities). The Incremental Term Loan is subject to the same terms and conditions as the revolving loans comprising the Original Credit Facilities, with certain changes as are necessary to reflect the term nature of the Incremental Term Loan. Borrowings under the Incremental Term Loan bear interest, at the Company's option, at a rate per annum equal to either the adjusted Eurodollar Rate (which is the London Interbank Offered Rate (LIBOR), which cannot be less than zero, adjusted for eurocurrency reserve requirements) for interest periods of one, two, three or six months plus a specified margin, or the Alternate Base Rate, plus a specified margin. The Alternate Base Rate is a fluctuating rate equal to the highest of (a) the Federal Funds Effective Rate (which cannot be less than zero) plus 0.50%, (b) the rate of interest publicly announced from time to time by Bank of America as its prime rate and (c) LIBOR plus 1.0%. The specified margin ranges from 0.75% to 1.25% for loans bearing interest at the Alternate Base Rate and from 1.75% to 2.25% for loans bearing interest at the adjusted Eurodollar Rate. The specified margin is calculated based upon the Company's consolidated total leverage ratio from time to time. The Incremental Term Loan matures on May 24, 2022. The principal amount of the Incremental Term Loan is payable in quarterly installments of 0.625% through December 2019, 1.875% thereafter through March 2022, with the remaining principal amount payable at maturity in May 2022. Mandatory prepayments also will be required for certain sales of assets, certain events of loss, or incurrence of additional indebtedness not permitted under the Credit Agreement. The Company may voluntarily prepay the Incremental Term Loan in whole or in part at any time without premium or penalty, except that prepayments of any portion of the Incremental Term Loan made on or prior to May 8, 2018 will incur a fee equal to 1.0% of the principal amounts prepaid. The Incremental Term Loan is guaranteed and secured on the same basis as all obligations under the Credit Agreement. The Credit Agreement contains certain covenants, restrictions and events of default including, but not limited to, limitations on the ability of the Company and its subsidiaries to (i) incur indebtedness, (ii) make distributions, (iii) prepay, redeem or repurchase certain debt, (iv) make loans and investments, (v) sell assets, (vi) incur liens, (vii) enter into transactions with affiliates and (viii) consolidate or merge.