Ramaco Resources issues $345M 0% convertible senior notes due 2031, upsized from $300M

Ramaco Resources, Inc.

Issued $345M principal amount of 0% Convertible Senior Notes due 2031, upsized from $300M via full exercise of over-allotment.
Initial conversion rate 30.5460 shares per $1,000 principal, conversion price ~$32.74; notes mature Nov 1, 2031.
Concurrent delta offering of 2,245,126 shares of Class A common stock (borrowed) to facilitate hedging; no new shares issued.
Entered capped call transactions costing ~$32.8M to reduce conversion dilution; cap price initially $54.5625/share.
Fifth Amendment to credit agreement allows up to $1B in convertible indebtedness and permits capped calls.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ramaco Resources, Inc. incurred convertible notes of $345,000,000 aggregate principal amount at 0% maturing November 1, 2031.

Instrument: convertible notes
Principal: $345,000,000 aggregate principal amount
Rate: 0%
Maturity: November 1, 2031
Event: incurrence

Exact text from the filing

On November 7, 2025, the Company issued $345,000,000 principal amount of its 0% Convertible Senior Notes due 2031.

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307 debt financings filed in the last 30 days. Browse all debt financings →

Ramaco Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-107683

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