---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058692"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:08:38.833740+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ramaco Resources ups credit facility to $275M, declares $0.1375/$0.2376 dividends

## Summary
- Amended credit facility increased to $275M ($200M revolver + $75M accordion), maturing May 3, 2029; adds Ramaco Coal, LLC as borrower.
- Dividend of $0.1375 per Class A and $0.2376 per Class B share, payable June 15, 2024 to holders of record June 1, 2024.
- Interest at base rate plus 2.00% or SOFR plus 2.50%; maintains fixed charge coverage ratio covenant of 1.10:1.00.
- Amendment revises collateral definitions, capital distribution restrictions, and requires subsidiary guarantors.

## SEC filing metadata
- accession: 0001104659-24-058692
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687187/000110465924058692/0001104659-24-058692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000110465924058692/tm2413830d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058692
- JSON: https://secwatch.observer/filing/0001104659-24-058692.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058692.txt

## Key facts
- Material Agreements
  Ramaco Resources, Inc. amended First Amendment Agreement with KeyBank National Association, Cadence Bank, Associated Bank, National Association, City National Bank, Star Financial Bank, Trustmark National Bank valued at $275.0 million (effective 2024-05-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: KeyBank National Association, Cadence Bank, Associated Bank, National Association, City National Bank, Star Financial Bank, Trustmark National Bank
  - Value: $275.0 million
  - Effective: 2024-05-03
  source text: On May 3, 2024, Ramaco Resources, Inc. (the “Company”) entered into a First Amendment Agreement (the “First Amendment Agreement”) by and among the (i) the Company, Ramaco Development, LLC, RAM Mining, LLC, Ramaco Coal Sales, LLC, Ramaco Resources, LLC, Ramaco Resources Land Holdings, LLC, Ramaco Coal, Inc., Maben Coal LLC, Carbon Resources Development, Inc., and Ramaco Coal, LLC; (ii) KeyBank National Association, as administrative agent and lender; (iii) Cadence Bank, as lender, (iv) Associated Bank, National Association, as lender; (v) City National Bank, as lender; (v) Star Financial Bank, as lender; and (iv) Trustmark National Bank, as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000110465924058692/0001104659-24-058692-index.htm

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