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Ramaco Resources (NASDAQ: METC) has completed a $50 million public offering of senior unsecured notes due 2029. The notes carry an 8.375% annual interest rate, payable quarterly starting January 30, 2025. Rated 'BBB' by Egan-Jones, the notes can be redeemed after November 30, 2026, at 100% of principal plus accrued interest. The company plans to use proceeds for general corporate purposes, including future investments, capital expenditures, and working capital. The notes will be listed on Nasdaq under symbol 'METCZ', with minimum denominations of $25.00.
Ramaco Resources (NASDAQ: METC) has priced its public offering of senior unsecured notes due 2029. The notes will bear interest at 8.375% per year, payable quarterly, with gross proceeds expected to be $50 million, expandable to $57.5 million if underwriters exercise their option. The notes, to be listed on Nasdaq under symbol 'METCZ', will be issued in minimum denominations of $25.00. The company plans to use proceeds for general corporate purposes, including future investments, capital expenditures, and working capital. The offering is expected to close on November 27, 2024.
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