debt
confidence high
sentiment neutral
materiality 0.60
Ramaco prices $57M 8.250% senior notes due 2030 to refinance 9% 2026 notes
Ramaco Resources, Inc.
- Principal amount $57M; underwriters have 30-day option for additional $8M.
- Interest rate 8.250% per year, maturity July 31, 2030; first interest payment Oct 30, 2025.
- Net proceeds ~$55M after discounts; will redeem all outstanding 9.00% 2026 notes.
- Third Amendment to credit agreement permits up to $100M new notes; cuts existing unsecured debt basket to $15M plus unused portion.
- Offering expected to close July 31, 2025; applied to list under symbol METCI on Nasdaq.
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