debt
confidence high
sentiment positive
materiality 0.70
Ramaco completes $57M 8.25% senior notes offering; proceeds to redeem higher-cost 9% 2026 notes
Ramaco Resources, Inc.
- Issued $57M of senior unsecured notes at 8.250% per annum, maturing July 31, 2030.
- Net proceeds of ~$54M to redeem all $34.5M of outstanding 9.00% Senior Notes Due 2026.
- Remaining proceeds for rare earth development, capex, working capital.
- Notes rated BBB- by Egan-Jones; applied to list on Nasdaq under symbol METCI.
- Underwriters have 30-day option to purchase up to an additional $8M of notes.
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