Ramaco Resources issues $57M 8.25% notes, retires 9% 2026 debt

Q: What is the coupon and maturity of Ramaco鈥檚 new notes (METCI)?

The notes carry an 8.250% fixed coupon and mature on 31-Jul-2030 .

Q: Why is Ramaco Resources issuing these 2030 notes?

Net proceeds will redeem the $34.5 million 9.00% notes due 2026 and fund general corporate needs, including rare-earth development.

Q: How will the deal affect Ramaco鈥檚 debt profile?

Pro-forma, near-term bond maturities are eliminated and gross debt rises to about $125 million with a lower blended coupon.

Q: Will the notes be listed for trading?

Ramaco will apply to list the notes on the Nasdaq Global Select Market under symbol METCI within 30 business days of issuance.

Q: What recent operational challenges has Ramaco disclosed?

Management idled the Eagle mine and suspended the Class A dividend amid weaker metallurgical coal demand.

[8-K] Heritage Commerce Corp Reports Material Event

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Ramaco Resources (NASDAQ: METC) is issuing $57 million of 8.250% senior unsecured notes maturing 31-Jul-2030. The notes are priced at par in $25 denominations, pay quarterly interest beginning 30-Oct-2025, and can be redeemed at par on or after 31-Jul-2027 or upon a change-of-control event. The company will apply to list the notes on Nasdaq under the symbol 鈥淢ETCI.鈥�

Use of proceeds: roughly $54.1 million net will retire all $34.5 million of 9.00% notes due 2026, with the balance for general corporate purposes such as accelerating rare-earth development, capex, investments and working capital. An $8 million over-allotment could lift gross proceeds to $65 million.

Capital structure impact (as-adjusted 31-Mar-25): cash grows to $63.7 million; gross debt rises to $125.5 million but near-term maturities fall as the 2026 notes are removed. Pro forma liquidity on 30-Jun-25 was $88 million (cash $28 million, revolver availability $60 million).

Recent business updates: 2Q25 revenue is preliminarily $152-154 million on >1 Mt sold; 1H25 capex $35-36 million. Brook Mine rare-earth pilot received a $6.1 million Wyoming grant. The Board suspended the Class A dividend and temporarily idled the Eagle mine amid softer met-coal prices (Aus. benchmark 鈮�$176/t). Total fixed-price contracted tons average $139-154/t and cover ~2/3 of 2025 volume.

Key risks: notes are unsecured and structurally subordinated; no financial covenants; dividend suspension signals cash preservation; met-coal and steel demand remain volatile.

Ramaco Resources (NASDAQ: METC) emette 57 milioni di dollari in obbligazioni senior non garantite all鈥�8,250% con scadenza 31-lug-2030. Le obbligazioni sono quotate a valore nominale in tagli da 25 dollari, pagano interessi trimestrali a partire dal 30-ott-2025 e possono essere rimborsate al valore nominale dal 31-lug-2027 o in caso di evento di cambio di controllo. La societ脿 richieder脿 la quotazione delle obbligazioni al Nasdaq con il simbolo 鈥淢ETCI.鈥�

Utilizzo dei proventi: circa 54,1 milioni di dollari netti serviranno per estinguere tutti i 34,5 milioni di dollari di obbligazioni al 9,00% in scadenza nel 2026, mentre il resto sar脿 destinato a scopi aziendali generali come accelerare lo sviluppo delle terre rare, investimenti in capitale e capitale circolante. Un sovrallocazione di 8 milioni potrebbe portare i proventi lordi a 65 milioni.

Impatto sulla struttura del capitale (al 31-mar-25 rettificato): la liquidit脿 aumenta a 63,7 milioni di dollari; il debito lordo sale a 125,5 milioni ma le scadenze a breve termine diminuiscono con la rimozione delle obbligazioni 2026. La liquidit脿 pro forma al 30-giu-25 era di 88 milioni (liquidit脿 28 milioni, disponibilit脿 su linea di credito 60 milioni).

Aggiornamenti recenti sull鈥檃ttivit脿: il fatturato preliminare del 2Q25 猫 di 152-154 milioni di dollari con oltre 1 milione di tonnellate vendute; il capex nel 1H25 猫 di 35-36 milioni. Il progetto pilota Brook Mine per le terre rare ha ricevuto una sovvenzione di 6,1 milioni dal Wyoming. Il Consiglio di Amministrazione ha sospeso il dividendo di Classe A e ha temporaneamente fermato la miniera Eagle a causa del calo dei prezzi del carbone metallurgico (benchmark australiano 鈮�176 $/t). Le tonnellate a prezzo fisso contrattate mediamente sono 139-154 $/t e coprono circa 2/3 del volume 2025.

Rischi principali: le obbligazioni non sono garantite e sono strutturalmente subordinate; assenza di covenant finanziari; la sospensione del dividendo indica una politica di conservazione di cassa; la domanda di carbone metallurgico e acciaio resta volatile.

Ramaco Resources (NASDAQ: METC)電� 2030雲� 7鞗� 31鞚� 毵岅赴鞚� 8.250% 瓿犾爼旮堧Μ 靹犾垳鞙� 氍措嫶氤� 毂勱秾 5,700毵� 雼煬毳� 氚滍枆頃╇媹雼�. 鞚� 毂勱秾鞚€ 鞎‰┐臧€(25雼煬雼渼)搿� 氚滍枆霅橂┌, 2025雲� 10鞗� 30鞚茧秬韯� 攵勱赴氤� 鞚挫瀽毳� 歆€旮夗晿瓿�, 2027雲� 7鞗� 31鞚� 鞚错泟霕愲姅瓴届榿甓� 氤€瓴� 鞚措菠韸� 氚滌儩鞁� 鞎‰┐臧€搿� 靸來櫂頃� 靾� 鞛堨姷雼堧嫟. 須岇偓電� 鞚� 毂勱秾鞚� 雮橃姢雼レ棎鈥淢ETCI鈥� 鞁臣搿� 靸侅灔鞁犾箔頃� 鞓堨爼鞛呺媹雼�.

鞛愱笀靷毄觳�: 鞎� 5,410毵� 雼煬靾滌瀽旮堨潃 2026雲� 毵岅赴 9.00% 毂勱秾 3,450毵� 雼煬鞝勳暋靸來櫂鞐� 靷毄霅橂┌, 鞛旍暋鞚€ 頋啝毳� 臧滊皽臧€靻嶍檾, 鞛愲掣鞝� 歆€於�, 韴瀽氚� 鞖挫爠鞛愲掣霌� 鞚茧皹旮办梾氇╈爜鞐� 頇滌毄霅╇媹雼�. 800毵� 雼煬鞚� 齑堦臣氚办爼鞓奠厴鞙茧 齑� 臁半嫭旮堨暋鞚� 6,500毵� 雼煬旯岇 電橃柎雮� 靾� 鞛堨姷雼堧嫟.

鞛愲掣甑“ 鞓來枼 (2025雲� 3鞗� 31鞚� 臁办爼旮办): 順勱笀鞚€ 6,370毵� 雼煬搿� 歃濌皜頃橂┌, 齑� 攵€毂勲姅 1鞏� 2,550毵� 雼煬搿� 靸侅姽頃橃毵� 雼赴毵岅赴臧€ 欷勳柎霌媹雼�. 2025雲� 6鞗� 30鞚� 旮办 頂勲韽ゴ毵� 鞙犽彊靹膘潃 8,800毵� 雼煬(順勱笀 2,800毵� 雼煬, 須岇爠鞁犾毄頃滊弰 6,000毵� 雼煬)鞓€鞀惦媹雼�.

斓滉芳靷梾鞐呺嵃鞚错姼: 2025雲� 2攵勱赴毵れ稖鞚€ 1氚�52~1氚�54氚彪 雼煬搿� 100毵� 韱� 鞚挫儊韺愲Г; 靸侂皹旮� 鞛愲掣鞝� 歆€於滌潃 3,500~3,600毵� 雼煬鞛呺媹雼�. 敫岆）甏戩偘頋啝毳� 韺岇澕霟� 頂勲鞝濏姼臧€ 鞕€鞚挫槫氚� 欤检棎靹� 610毵� 雼煬氤挫“旮堨潉氚涭晿鞀惦媹雼�. 鞚挫偓須岆姅韥措灅鞀� A 氚半嫻鞚� 欷戨嫧頃橁碃, 順胳＜旮办 鞎� 176雼煬/韱れ溂搿� 頃橂澖頃� 臧曥灛鞖� 靹濏儎臧€瓴╈溂搿� 鞚疙暣鞚搓竴甏戩偘鞚� 鞚检嫓臧€霃� 欷戨嫧頄堨姷雼堧嫟. 瓿犾爼臧€瓴� 瓿勳暯韱れ潃韽夑窢 139~154雼煬/韱れ溂搿� 2025雲� 氍茧焿鞚� 鞎� 2/3毳� 旎る矂頃╇媹雼�.

欤检殧鞙勴棙鞖旍澑: 毂勱秾鞚€ 氍措嫶氤挫澊氅� 甑“鞝侅溂搿� 頉勳垳鞙�; 鞛 鞎届爼鞐嗢潓; 氚半嫻欷戨嫧鞚€ 順勱笀氤挫〈鞁犿樃; 臧曥灛鞖� 靹濏儎氚� 觳犼皶靾橃殧電� 鞐爠頌� 氤€霃欖劚鞚� 韥诫媹雼�.

Ramaco Resources (NASDAQ : METC) 茅met 57 millions de dollars de billets seniors non garantis 脿 8,250 % arrivant 脿茅ch茅ance le 31 juillet 2030. Les billets sont 茅mis 脿 leur valeur nominale en coupures de 25 dollars, paient des int茅r锚ts trimestriels 脿 partir du 30 octobre 2025, et peuvent 锚tre rembours茅s 脿 leur valeur nominale 脿 partir du 31 juillet 2027 ou en cas de changement de contr么le. La soci茅t茅 d茅posera une demande de cotation des billets au Nasdaq sous le symbole 芦 METCI 禄.

Utilisation des fonds : environ 54,1 millions de dollars nets serviront 脿 rembourser la totalit茅 des 34,5 millions de dollars de billets 脿 9,00 % arrivant 脿茅ch茅ance en 2026, le solde 茅tant destin茅脿 des fins g茅n茅rales d鈥檈ntreprise telles que l鈥檃cc茅l茅ration du d茅veloppement des terres rares, les d茅penses d鈥檌nvestissement, les investissements et le fonds de roulement. Une option de surallocation de 8 millions de dollars pourrait porter le produit brut 脿 65 millions.

Impact sur la structure du capital (au 31 mars 2025 ajust茅) : la tr茅sorerie augmente 脿 63,7 millions de dollars ; la dette brute s鈥櫭﹍猫ve 脿 125,5 millions de dollars, mais les 茅ch茅ances 脿 court terme diminuent avec la suppression des billets 2026. La liquidit茅 pro forma au 30 juin 2025 茅tait de 88 millions de dollars (tr茅sorerie 28 millions, disponibilit茅 de la ligne de cr茅dit renouvelable 60 millions).

Mises 脿 jour r茅centes de l鈥檃ctivit茅 : le chiffre d鈥檃ffaires pr茅liminaire du 2T25 est de 152-154 millions de dollars avec plus d鈥�1 Mt vendue ; le capex du 1S25 est de 35-36 millions. Le projet pilote de terres rares de la mine Brook a re莽u une subvention de 6,1 millions du Wyoming. Le conseil d鈥檃dministration a suspendu le dividende de classe A et a temporairement mis en veille la mine Eagle en raison de la baisse des prix du charbon m茅tallurgique (r茅f茅rence australienne 鈮�176 $/t). Les tonnes contract茅es 脿 prix fixe moyennent 139-154 $/t et couvrent environ 2/3 du volume 2025.

Risques cl茅s : les billets sont non garantis et structurellement subordonn茅s ; absence de clauses financi猫res ; la suspension du dividende indique une pr茅servation de la tr茅sorerie ; la demande de charbon m茅tallurgique et d鈥檃cier reste volatile.

Ramaco Resources (NASDAQ: METC) gibt 57 Millionen US-Dollar an unbesicherten Senior-Anleihen mit 8,250% Zins und F盲lligkeit am 31. Juli 2030 aus. Die Anleihen werden zum Nennwert in St眉ckelungen von 25 US-Dollar begeben, zahlen viertelj盲hrliche Zinsen ab dem 30. Oktober 2025 und k枚nnen ab dem 31. Juli 2027 oder bei einem Kontrollwechselereignis zum Nennwert zur眉ckgezahlt werden. Das Unternehmen wird beantragen, die Anleihen unter dem Symbol 鈥濵ETCI鈥� an der Nasdaq zu listen.

Verwendung der Erl枚se: Etwa 54,1 Millionen US-Dollar netto werden verwendet, um alle 34,5 Millionen US-Dollar der 9,00%-Anleihen mit F盲lligkeit 2026 zur眉ckzuzahlen, der Rest f眉r allgemeine Unternehmenszwecke wie die Beschleunigung der Seltene-Erden-Entwicklung, Investitionen in Sachanlagen, Investitionen und Betriebskapital. Eine 脺berzuteilung von 8 Millionen US-Dollar k枚nnte die Bruttoerl枚se auf 65 Millionen US-Dollar erh枚hen.

Auswirkungen auf die Kapitalstruktur (bereinigt zum 31. M盲rz 2025): Der Kassenbestand steigt auf 63,7 Millionen US-Dollar; die Bruttoverschuldung steigt auf 125,5 Millionen US-Dollar, aber die kurzfristigen F盲lligkeiten sinken durch den Wegfall der 2026-Anleihen. Die Pro-forma-Liquidit盲t zum 30. Juni 2025 betrug 88 Millionen US-Dollar (Barmittel 28 Millionen, Verf眉gbarkeit revolvierender Kreditlinie 60 Millionen).

Aktuelle Gesch盲ftsentwicklungen: Der vorl盲ufige Umsatz im 2. Quartal 2025 liegt bei 152-154 Millionen US-Dollar bei 眉ber 1 Mio. Tonnen verkauft; das Capex im ersten Halbjahr 2025 betr盲gt 35-36 Millionen. Das Brook Mine Seltene-Erden-Pilotprojekt erhielt einen Zuschuss von 6,1 Millionen US-Dollar vom Bundesstaat Wyoming. Der Vorstand hat die Dividende der Klasse A ausgesetzt und die Eagle-Mine vor眉bergehend stillgelegt aufgrund sinkender Preise f眉r metallurgische Kohle (australischer Referenzpreis 鈮�176 $/t). Die durchschnittlich festpreislich vertraglich gebundenen Tonnen liegen bei 139-154 $/t und decken ca. 2/3 des Volumens 2025 ab.

Hauptrisiken: Die Anleihen sind ungesichert und strukturell nachrangig; keine finanziellen Auflagen; die Aussetzung der Dividende signalisiert Cash-Erhaltung; die Nachfrage nach metallurgischer Kohle und Stahl bleibt volatil.

Positive

Maturity extension: replaces 2026 notes with 2030 notes, reducing near-term refinancing risk.
Lower coupon: new 8.25% rate vs. 9.00% on retired debt trims interest cost.
$6.1 million state grant supports Brook Mine rare-earth pilot, diversifying revenue.
Strong liquidity: pro-forma $88 million cash + revolver availability.

Negative

Dividend suspended on Class A shares, signaling cash preservation under market pressure.
Eagle mine idled and met-coal benchmark softened to $176/t, pressuring cash flow.
Unsecured, structurally subordinated notes with no financial covenants elevate recovery risk.
Leverage increases as gross debt grows to $125 million after the offering.

Insights

TL;DR 鈥� New 8.25% 2030 notes extend debt maturity and lower coupon but unsecured, in a volatile coal market.

The refinancing swaps 9.00% 2026 notes for 8.25% 2030 paper, cutting annual coupon expense by roughly $260 k and pushing the nearest bond maturity out four years鈥攃redit-positive for liquidity. Listing on Nasdaq should aid secondary trading. However, the notes rank behind $16 million of secured debt and all subsidiary liabilities, while the indenture lacks leverage or coverage covenants. Leverage rises modestly to ~1.3脳 EBITDA (TTM), still manageable given $88 million liquidity and an undrawn $75 million accordion. Soft met-coal pricing, a dividend halt and idled production highlight earnings risk; noteholders rely solely on parent cash flows. Overall, the transaction is credit-neutral with a slight positive tilt due to maturity extension.

07/24/2025 - 05:29 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2025

HERITAGE COMMERCE CORP

(Exact name of registrant as specified in its charter)


California	000-23877	77-0469558
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


224 Airport Parkway, San Jose, California		95110
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (408) 947-6900

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:



Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, No Par Value	HTBK	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the

Exchange Act. ☐

ITEM 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 24, 2025, Heritage Commerce Corp (the “Company”), the holding company for Heritage Bank of Commerce, issued a press release announcing preliminary unaudited financial results for the second quarter and six months ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information in this report set forth under this Item 2.02 shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.

ITEM 5.02 APPOINTMENT OF CERTAIN OFFICERS

On July 24, 2025, the Company announced the appointment of Seth Fonti as Executive Vice President and Chief Financial Officer of the Company and the Bank effective July 24, 2024 (“Effective Date”). As of the Effective Date, Tom Sa will cease serving as Interim Chief Financial Officer of the Bank and will continue to serve as Chief Operating Officer and Executive Vice President of the Company and the Bank.

Mr. Fonti, age 45, brings more than two decades of financial leadership experience across global and domestic banking institutions. Most recently, he served as Managing Director and Head of Strategy, Corporate Development, and Strategic Finance for MUFG Americas Holding Corporation (“MUFG Americas”). Mr. Fonti joined MUFG Americas in 2012 and previously served as Director of Strategy and Strategic Finance and Director of Finance, Planning and Analysis and Strategic Finance.

In connection with his appointment, Mr. Fonti entered into an at-will employment agreement, effective July 24, 2025 (the “Employment Agreement”) providing for a base salary of $425,000 per year and a one-time restricted stock award with an initial value of $300,000 vesting over three years. Mr. Fonti will participate in bonus and benefit plans commensurate with those made available to the Company’s other senior executive officers, including 401(k), group life, health, accident and disability insurance coverage; his target bonus for 2025 will be 50% of salary, and any earned amount will be prorated based on his start date. Mr. Fonti will receive an automobile allowance in the amount of $750 per month and the Company will pay for up to $100,000 in relocation expenses (subject to repayment upon a voluntary termination of employment within twelve months of his start date).

If Mr. Fonti’s employment is terminated without cause (as defined in the Employment Agreement), he is entitled to a lump sum payment equal to either (a) if employed for one year or less, three months base salary or (b) if employed for more than one year, one times base salary and average annual bonus in the last three years, as well as a continuation of certain employee benefits including payments for COBRA continuation coverage for a period of 12 months, which benefits are contingent upon his execution of a standard waiver and release of claims. If Mr. Fonti’s employment is terminated under certain circumstances in connection with a change of control (as defined in the Employment Agreement), he will be entitled to a lump sum payment equal to two times base salary and average annual bonus in the last three years, as well as a continuation of certain employee benefits including payments for COBRA continuation coverage for a period of 24 months.

The foregoing is only a summary of Mr. Fonti’s Employment Agreement. A copy of the Employment Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

On July 24, 2025, the Company appointed Jeannie Tam as Senior Vice President and Chief Accounting Officer of the Company and the Bank effective July 24, 2025.

Ms. Tam, age 44, brings more than 15 years of financial leadership experience in accounting operations, financial close, and finance transformation within Financial Services. Most recently, she served as Managing Director and Controller at JP Morgan Chase Bank, N.A. where she led the First Republic Bank and JPMorgan finance integration managing accounting operations, financial reporting and SOX compliance. Ms. Tam previously served in various accounting roles

at First Republic Bank from 2004 through 2023, and she was appointed Senior Vice President and Controller at First Republic Bank in 2022.

In connection with her appointment, Ms. Tam will receive a base salary of $270,000 per year, a $20,000 new hire signing bonus, and a one-time restricted stock award with an initial value of $60,000 vesting over three years. Ms. Tam will participate in bonus and benefit plans commensurate with those made available to the Company’s other senior executive officers, including 401(k), group life, health, accident and disability insurance coverage.

ITEM 7.01 REGULATION FD DISCLOSURE

On July 24, 2025, the Company issued a press release announcing Mr. Fonti’s accession to the Company’s and the Bank’s executive leadership team. A copy of the press release is attached as Exhibit 99.2 to this Current Report. In accordance with General Instruction B.2 of Form 8-K, the press release is deemed to be “furnished” and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall the press release be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

ITEM 8.01OTHER EVENTS

QUARTERLY DIVIDEND

On July 24, 2025, the Company announced that its Board of Directors declared a $0.13 per share quarterly cash dividend to holders of its common stock. The dividend will be paid on August 21, 2025, to shareholders of record at the close of the business day on August 7, 2025. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.


10.1	Employment Agreement with Seth Fonti, dated July 24, 2025, filed herewith

99.1	Press Release, dated July 24, 2025, entitled “Heritage Commerce Corp Reports Second Quarter 2025 Financial Results”

99.2	Press Release, dated July 24, 2025, entitled “Heritage Commerce Corp and Heritage Bank of Commerce Appoints Seth Fonti as Chief Financial Officer”

99.3	Press Release, dated July 24, 2025, entitled “Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share”

104	Cover Page Interactive Data File (embedded within XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: July 24, 2025

Heritage Commerce Corp

By: /s/ ROBERTSON CLAY JONES
Robertson Clay Jones
Chief Executive Officer (Duly Authorized Officer)

Source:

FAQ

What is the coupon and maturity of Ramaco鈥檚 new notes (METCI)?

The notes carry an 8.250% fixed coupon and mature on 31-Jul-2030.

Why is Ramaco Resources issuing these 2030 notes?

Net proceeds will redeem the $34.5 million 9.00% notes due 2026 and fund general corporate needs, including rare-earth development.

How will the deal affect Ramaco鈥檚 debt profile?

Pro-forma, near-term bond maturities are eliminated and gross debt rises to about $125 million with a lower blended coupon.

Will the notes be listed for trading?

Ramaco will apply to list the notes on the Nasdaq Global Select Market under symbol METCI within 30 business days of issuance.

What recent operational challenges has Ramaco disclosed?

Management idled the Eagle mine and suspended the Class A dividend amid weaker metallurgical coal demand.

AG真人官方

[8-K] Heritage Commerce Corp Reports Material Event

Insights

FAQ

What is the coupon and maturity of Ramaco鈥檚 new notes (METCI)?

Why is Ramaco Resources issuing these 2030 notes?

How will the deal affect Ramaco鈥檚 debt profile?

Will the notes be listed for trading?

What recent operational challenges has Ramaco disclosed?

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Trending News

[8-K] Heritage Commerce Corp Reports Material Event

Insights

Fixed-Income Analyst neutral

FAQ

What is the coupon and maturity of Ramaco鈥檚 new notes (METCI)?

Why is Ramaco Resources issuing these 2030 notes?

How will the deal affect Ramaco鈥檚 debt profile?

Will the notes be listed for trading?

What recent operational challenges has Ramaco disclosed?

NASDAQ:HTBK

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