Ramaco Resources Signs Third Amended and Restated Credit Agreement With KeyBank
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Ramaco Resources has signed a Third Amended and Restated Credit Agreement with KeyBank, establishing a $350 million asset-based revolving credit facility, with a $150 million accordion for potential increases. The facility matures on December 30, 2030, and includes interest rates of SOFR plus 2.50% or the base rate plus 2.00%. The agreement aims to increase liquidity and extend the maturity of the ABL facility, secured by personal property and subject to customary covenants.
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