Ramaco Resources increases credit facility to $500 million

Ramaco Resources Inc. (NASDAQ: METC, METCB) amended its revolving credit agreement with KeyBank N.A. to increase commitments to $500 million from $200 million, according to a company statement.

The amended facility includes a $350 million revolving commitment and a $150 million accordion feature, compared to the previous $200 million facility with a $75 million accordion feature. The maturity date was extended from 2029 to 2030.

KeyBank served as administrative agent, with KeyBank and Truist as joint lead arrangers and joint book runners. Truist acted as syndication agent, while Associated Bank National Association and Old National Bank served as co-documentation agents. Other banking partners in the syndicated facility include Morgan Stanley, Goldman Sachs, Texas Capital, STAR Financial and Trustmark.

"The new Facility increases our overall credit capacity to $500 million and extends the term to 2030, providing us with significant financial flexibility," said Randall Atkins, the company's chairman and chief executive officer.

The coal mining company stated this financing, combined with other transactions in the second half of 2025, represents almost $1 billion in capital market and banking transactions since August.

Ramaco Resources operates metallurgical coal mining complexes in Central Appalachia and develops rare earth and critical minerals in Wyoming. The company filed additional details about the amended credit agreement in a Form 8-K with the Securities and Exchange Commission.

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