Ramaco Resources, Inc. Announces Increase and Term Extension of Revolving Credit Facility

May 8, 2024

https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-increase-and-term-extension-of-revolving-credit-facility-302138953.html

LEXINGTON, Ky., May 8, 2024 /PRNewswire/ —

Ramaco Resources, Inc. (NASDAQ: METC, METCB) (“Ramaco” or the “Company”) announced that its principal bank lender, KeyBank, has amended the Company’s existing Revolving Credit Agreement to increase the overall commitments under the Facility to $200 million. The Facility also provides the Company an ability to access an additional $75 million through an accordion feature, subject to its terms and conditions. The commitments under the previous Facility were $125 million with a $50 million accordion feature. In addition, the maturity date was extended from 2026 to 2029.

Read more at prnewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.