Ramaco Resources Initiates Public Offering for Convertible Senior Notes Worth $300 Million
Ramaco Resources Announces Convertible Senior Notes Offering
On November 4, 2025, Ramaco Resources, Inc. (NASDAQ: METC) made a significant announcement about its plans to offer $300 million in convertible senior notes. This offering is subject to market conditions and is a registered public offering under the Securities Act of 1933. The move aims to bolster the company's financial flexibility and support its ongoing business initiatives.
Offering Details
The convertible senior notes will have a maturity date set for November 1, 2031, and interest will be paid semi-annually beginning on May 1, 2026. Investors can expect a structured environment where the notes may in certain situations be converted into Class A common stock or cash at Ramaco's discretion based on the conversion rate set upon issuance.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the designated book-running managers for this offering, which also includes an option for underwriters to purchase an additional $45 million in senior notes within 13 days to cover any over-allotments.
Redemption Features
Investors should also pay attention to the redeemable nature of these notes. After November 6, 2028, Ramaco has the right to redeem these notes partially or fully, provided that the last recorded share price of the Class A common stock exceeds 130% of the conversion price. This opens up potential avenues for strategic financial maneuvering based on market conditions.
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