RAMACO RESOURCES, INC. COMPLETES $50,000,000 SENIOR UNSECURED NOTES OFFERING

LEXINGTON, Ky., Nov. 27, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, METCL) ("Ramaco Resources" or the "Company") announced today the closing of its previously announced public offering (the "Offering") of senior unsecured notes due 2029 (the "Notes"). The Notes will mature on November 30, 2029, unless redeemed prior to maturity. The Notes bear interest at a rate of 8.375% per year, payable in arrears on the 30th day of January, April, July and October of each year, commencing on January 30, 2025, and at maturity. The Company may redeem the Notes in whole or in part, at the Company's option, at any time on or after November 30, 2026, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. In addition, the Company may redeem the Notes, in whole, but not in part, at any time at the Company's option, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest to, but not including, the date of redemption, upon the occurrence of certain change of control events. The Notes are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency.

Read more at prnewswire.com