Ramaco Resources Inc. Announces Substantial Increase In Size of Revolving Credit Facility and Extension of Its Term [Yahoo! Finance]
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: Yahoo! Finance
bank lender, KeyBank, N.A. ("KeyBank"), amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility to $500 million, including a $350 million revolving commitment and a $150 million accordion feature. The commitments under the previous Facility were $200 million with a $75 million accordion feature. In addition, the maturity date was extended from 2029 to 2030. This enhanced financial flexibility signifies an important milestone that supports our long-term growth objectives, and with other financing in the second half of 2025 represents almost $1 billion of capital market and banking transactions by Ramaco since this August. KeyBank served as the Administrative Agent and KeyBank and Truist served as Joint Lead Arrangers and Joint Book Runners for the Facility, while Truist served as Syndication Agent. Associated Bank, National Association and Old National Bank served as Co-Documentation Agents. Other banking partners Morgan Stan
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