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Ramaco Prices $300 Million Convertible Senior Notes Offering

BY MT Newswires | CORPORATE | 11/05/25 10:04 AM EST

10:04 AM EST, 11/05/2025 (MT Newswires) -- Ramaco Resources (METCB) said Wednesday it has priced a public offering of $300 million of 0% convertible senior notes due 2031.

Issuance and sale of the notes are expected to settle on Friday, the company said.

Underwriters of the notes were given an option to buy up to an additional $45 million of notes to cover over-allotments, Ramaco said.

Ramaco said it plans to use about $28.5 million, or around $32.8 million if the underwriters fully exercise their over-allotment option, of the net proceeds to back the cost of capped call deals.

The remainder of the net proceeds will be used to back the development of the company's rare earth elements and critical minerals project, for strategic growth opportunities and for general corporate purposes, Ramaco said.

Price: 23.33, Change: -3.26, Percent Change: -12.26

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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