Ramaco Resources Inc. Announces Substantial Increase In Size of Revolving Credit Facility and Extension of Its Term

Rhea-AI Summary

Ramaco Resources (NASDAQ: METC) announced an amendment to its Revolving Credit Agreement that increases total commitments to $500 million (a $350 million revolver plus a $150 million accordion) from prior commitments of $200 million plus a $75 million accordion. The maturity date was extended from 2029 to 2030. KeyBank served as administrative agent with a syndicated group including Truist, Morgan Stanley, Goldman Sachs and others. Management said the amendment, together with other second‑half 2025 financing, represents almost $1 billion of capital market and banking transactions since August and provides expanded financial flexibility for growth, shareholder returns, and Brook Mine development.

Positive

• Total credit capacity increased to $500 million
• Revolving commitment expanded to $350 million
• Accordion feature enlarged to $150 million
• Maturity extended to 2030 (from 2029)
• Syndicate includes KeyBank, Truist, Morgan Stanley, Goldman Sachs
• Nearly $1 billion of financing activity since August 2025

Negative

• None.

Argus Dec 31 session

+3.57% close to close Open Argus

Details

News Market Reaction – METC

On Dec 31, the first trading day after this news, METC closed 3.57% above the previous close.

Data tracked by StockTitan Argus for the Dec 31 session.

Market Context

This announcement increases Ramaco’s revolving credit capacity to $500 million, including a $350 mil...

Analysis

This announcement increases Ramaco’s revolving credit capacity to $500 million, including a $350 million revolver and $150 million accordion, while extending the maturity to 2030. It follows substantial 2025 capital markets activity, including convertible notes and a buyback plan, and supports both metallurgical coal growth and Brook Mine critical mineral development. Investors may track how this added liquidity is deployed, ongoing debt levels, and future updates on rare earth and coal projects to gauge balance-sheet and execution risk.

Key Figures

New facility size: $500 million Revolver commitment: $350 million Accordion feature: $150 million +4 more

New facility size

$500 million

Total commitments under amended revolving credit facility

Revolver commitment

$350 million

Revolving commitment portion of new facility

Accordion feature

$150 million

Expandable accordion capacity under new facility

Prior facility size

$200 million

Previous revolving credit facility commitments

Prior accordion

$75 million

Accordion feature under previous facility

New maturity

2030

Extended revolving credit facility maturity year

Prior maturity

2029

Original revolving credit facility maturity year

Historical Context

5 past events · Latest: Dec 23

5 events

1. Dec 23

   Share repurchase plan

   24h Move

   +8.6%

   Board authorization of $100 million Class A share repurchase program.

2. Dec 23

   Strategic MOU

   24h Move

   +8.6%

   Non-binding offtake MOU to build 10-year rare earth stockpile and magnet supply chain.

3. Dec 01

   Media appearance

   24h Move

   -4.7%

   CEO TV appearance to discuss Brook Mine and U.S. critical mineral developments.

4. Nov 14

   Stock dividend

   24h Move

   -1.6%

   Declaration of $0.1780 per-share Class B stock dividend payable in additional shares.

5. Nov 13

   Brook Mine FAQ

   24h Move

   -9.9%

   Posting of detailed Brook Mine and liquidity FAQ responding to shareholder questions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revolving credit facility, accordion feature, administrative agent, joint book runners, +1 more

5 terms

revolving credit facility financial

"amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

accordion feature financial

"including a $350 million revolving commitment and a $150 million accordion feature"

An accordion feature is a clause in a loan or financing agreement that allows a company to expand the size of a credit line or the amount of securities available under the same contract without drafting a completely new deal. Like a suitcase that can be extended to hold more items, it gives a company quick flexibility to raise extra money, which can help fund growth but may increase debt or dilute existing shareholders—so investors watch it for changes in risk and ownership.

administrative agent financial

"KeyBank served as the Administrative Agent and KeyBank and Truist served as Joint Lead Arrangers"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

joint book runners financial

"KeyBank and Truist served as Joint Lead Arrangers and Joint Book Runners for the Facility"

Joint book runners are the lead investment banks that share responsibility for organizing and offering when a company sells new securities. They gather investor orders, help set the offering price and decide who gets allocations — like co-conductors running a ticket sale to match seats with buyers and set the final price. Investors pay attention to joint book runners because their reputation, investor network and pricing decisions influence how well the deal sells and how the stock performs afterward.

syndication agent financial

"while Truist served as Syndication Agent. Associated Bank, National Association"

A syndication agent is the financial firm that organizes and manages a group of lenders or investors who jointly provide a loan or buy a new security. Acting like the lead coordinator in a group purchase, it negotiates terms, divides the deal into portions, handles paperwork and communications, and monitors payments; its efficiency and reputation influence pricing, investor confidence and how smoothly capital is raised or recovered in trouble.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LEXINGTON, Ky., Dec. 30, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") announced that its principal bank lender, KeyBank, N.A. ("KeyBank"), amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility to $500 million, including a $350 million revolving commitment and a $150 million accordion feature. The commitments under the previous Facility were $200 million with a $75 million accordion feature. In addition, the maturity date was extended from 2029 to 2030.

This enhanced financial flexibility signifies an important milestone that supports our long-term growth objectives, and with other financing in the second half of 2025 represents almost $1 billion of capital market and banking transactions by Ramaco since this August.

KeyBank served as the Administrative Agent and KeyBank and Truist served as Joint Lead Arrangers and Joint Book Runners for the Facility, while Truist served as Syndication Agent. Associated Bank, National Association and Old National Bank served as Co-Documentation Agents. Other banking partners Morgan Stanley, Goldman Sachs, Texas Capital, STAR Financial, and Trustmark are also part of the overall syndicated Facility.

"We appreciate our strengthened partnership with KeyBank and value the key players in our expanded syndicate," said Randall Atkins, Ramaco's Chairman and Chief Executive Officer. "We sincerely appreciate KeyBank's continued support of our Company since 2018.  The new Facility increases our overall credit capacity to $500 million and extends the term to 2030, providing us with significant financial flexibility. This solid foundation enables us to continue disciplined growth in our metallurgical coal business, return capital to shareholders, and to advance our Brook Mine critical mineral and rare earth development. We believe the amended credit facility enhances our ability to create long-term value for our investors."

Additional information regarding the amended Revolving Credit Agreement may be found in the Company's Current Report of Form 8-K filed with the SEC today. 

About Ramaco Resources

Ramaco Resources, Inc. is a dual platform critical mineral company that is both an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth and critical minerals in Wyoming. The Company's executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production.

In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company currently operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks.

News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.

These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.

These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earth and critical minerals is a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth capabilities.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.

POINT OF CONTACT
INVESTOR RELATIONS: info@ramacometc.com or 859-244-7455

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SOURCE Ramaco Resources, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did Ramaco Resources (METC) announce to its credit facility on December 30, 2025?

Ramaco amended its Revolving Credit Agreement to raise total commitments to $500 million and extend the maturity to 2030.

How much is the new revolving commitment for Ramaco (METC)?

The amended facility includes a $350 million revolving commitment.

What is the size of the accordion feature in Ramaco's (METC) amended facility?

The facility includes a $150 million accordion feature.

Which banks are part of Ramaco Resources' (METC) amended syndicated facility?

KeyBank is administrative agent; Truist, Morgan Stanley, Goldman Sachs and others are members of the syndicate.

How does the amended facility affect Ramaco's (METC) financing since August 2025?

Company says the amendment, plus other second‑half 2025 financing, equals almost $1 billion of capital market and banking transactions since August 2025.