Here is an article about Ramaco Resources, Inc.’s senior unsecured notes offering:
Ramaco Resources, Inc. Successfully Prices Senior Unsecured Notes Offering
Ramaco Resources, Inc. (NASDAQ: METC), a prominent producer of metallurgical coal, has announced the successful pricing of its offering of senior unsecured notes. The offering, which closed on July 24, 2025, marks a significant financial development for the company as it continues to strengthen its capital structure and fund its strategic initiatives.
The company priced its offering of $350 million aggregate principal amount of 8.375% senior unsecured notes due 2030. This issuance is set to mature on July 15, 2030. The notes were offered at 100% of their aggregate principal amount, indicating a strong market reception.
The net proceeds from this offering are anticipated to be approximately $343.2 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses. Ramaco Resources intends to utilize these proceeds for several key purposes. These include funding a portion of the purchase price for its previously announced acquisition of all the outstanding equity interests of specific subsidiaries of United Coal Company, LLC. Additionally, any remaining proceeds may be allocated towards general corporate purposes and the repayment of existing debt.
This move by Ramaco Resources underscores its commitment to strategic growth and operational expansion. The acquisition of assets from United Coal Company is a key component of its growth strategy, and the successful pricing of these notes demonstrates investor confidence in the company’s future prospects and its ability to manage its financial obligations.
As a producer of high-quality metallurgical coal, Ramaco Resources plays a vital role in the steel manufacturing supply chain. The company’s focus on strategically located reserves and efficient production has positioned it well within the industry. This latest financing initiative is expected to further enhance its capacity to capitalize on market opportunities and drive shareholder value.
Investors will be closely watching as Ramaco Resources deploys the capital raised, aiming to realize the full potential of its strategic investments and continue its trajectory of growth in the metallurgical coal market.
RAMACO RESOURCES, INC. ANNOUNCES PRICING OF SENIOR UNSECURED NOTES OFFERING
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