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Security Details
- Coupon Rate
- 8.38%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 11/30/2026
- Maturity Date
- 11/30/2029
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.09375
- Distribution Dates
- 1/30, 4/30, 7/30 & 10/30
- Credit Ratings
- Moody's NR · S&P NR (1/20/2025)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 75134P709
- IPO
- 11/20/2024 · $25.00/share
- Parent Company
- Ramaco Resources, Inc. (METC)
Business: Ramaco Resources, Inc. 8.375% Senior Notes due 2029, redeemable at the issuer's option on or after 11/30/2026 at $25 per note plus accrued and unpaid interest, and maturing 11/30/2029. <p> Interest distributions of 8.375% per annum ($2.09375 per annum or $0.5234375 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 (NOTE: the ex-dividend date is the record date).
<p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> Upon the occurrence of a change of control the company will have the option within 90 days to redeem the Notes at $25.00 (100%) per note plus accrued and unpaid interest. <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB by Egan Jones Rating Co at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Company Contact
- CEO
- Randall W. Atkins
- CFO
- Jeremy R. Sussman
- Headquarters
- 250 West Main Street, Suite 1800, Lexington, KY 40507
- Phone
- 859-244-7455
- Investor Relations
- Jeremy Sussman · 859-244-7455 · ir.ramacoresources.com