secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001104659-24-058692
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000110465924058692/0001104659-24-058692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000110465924058692/tm2413830d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-058692

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