Ramaco Resources to offer 2030 notes, plans Nasdaq listing

7 hours ago 1
  • Ramaco Resources (NASDAQ:METC) announced a public offering of senior unsecured notes due 2030.
  • Proceeds will be used to redeem existing 2026 notes and support rare earth development, investments, capex, and working capital.
  • Notes will be issued in $25 denominations and multiples thereof.
  • Ramaco has applied to list the Notes on Nasdaq under the ticker symbol "METCI".
  • If approved, trading is expected to begin within 30 business days of issuance.
  • METC shares fall 3% premarket on Wednesday.
  • Source: Press release

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