Deal Details
Ramaco Completes $345.0 Million Convertible Senior Notes Offering
Summary
Ramaco Resources, Inc. (“Ramaco”) (NASDAQ: METC), recently completed a public offering of $345.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “notes”), which includes the exercise in full by the initial purchasers of the notes option to purchase up to an additional $45.0 million aggregate principal amount of the notes. Ramaco intends to use the net proceeds to enter into capped call transactions, fund the development of its rare earth elements and critical minerals project for strategic growth opportunities and for general corporate purposes.
Baird served as a co-manager on this offering.
About
Ramaco is an operator and developer of metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth elements and critical minerals in Wyoming. Ramaco currently has four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. Ramaco is headquartered in Lexington, Kentucky.- Date
- November 2025
- Company
- Ramaco Resources, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Industrial
- Verticals
-
Specialty Materials & Chemicals
- Target Geography
- North America
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