debt
confidence high
sentiment neutral
materiality 0.55
Ramaco Resources issues additional $8M in 8.250% notes; total offering $65M
Ramaco Resources, Inc.
- Underwriters exercised over-allotment option on Aug 1, 2025; $8M additional notes issued, closing Aug 4.
- Total aggregate principal of 8.250% Senior Notes due 2030 is $65M; net proceeds ~$62.4M after fees.
- Proceeds used to redeem all $34.5M of outstanding 9.00% Senior Notes due 2026, plus rare earth development and capex.
- Notes bear 8.250% interest, payable quarterly; mature July 31, 2030; rated BBB- by Egan-Jones.
- Notes listed on Nasdaq under symbol METCI; joint bookrunners led by Lucid Capital Markets.
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