MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC
MARA Holdings announced it received the requisite consents from holders of Long Ridge Energy’s 8.75% Senior Secured Notes due 2032 to amend the indenture. The amendments will prevent the pending acquisition of Long Ridge from triggering a mandatory 'Change of Control' offer, which would require repurchasing the debt at 101% of par.
Key figures
- Note coupon
- 8.750%
- Note maturity
- 2032
- Consent fee per 1000
- 2.5
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