Ramaco Resources Announces Offering Of Senior Unsecured Notes Due 2030, Stock Down In Pre-Market

(RTTNews) - Ramaco Resources, Inc. (METC), Wednesday announced its plan to offer senior unsecured notes due 2030 in a registered underwritten public offering.

Notably, the notes will be issued in minimum denominations of $25 and integral multiples of $250 in excess thereof.

The company intends to use the proceeds to redeem all of its outstanding senior unsecured notes due 2026, and for other corporate-related purposes.

Additionally, Ramaco has applied to list the notes on the Nasdaq Global Select Market under the symbol "METCI". If approved, trading on Nasdaq is expected to commence within 30 business days after the notes are first issued.

In the pre-market hours, METC is trading at $20.22, down 5.20 percent on the Nasdaq.