AiCoin|5月 09, 2026 04:44
[MARA Holdings Initiates Consent Solicitation to Amend Terms of $600 Million Notes]
According to Globenewswire, MARA Holdings has initiated a consent solicitation process for the $600 million senior secured notes (due 2032) of Long Ridge Energy, aiming to amend the covenant terms. On April 29, MARA signed an agreement to acquire 100% equity of Long Ridge's parent company. This transaction triggered the notes' 'change of control' clause, requiring cash redemption of the outstanding notes at 101% of their price. MARA seeks holder consent to exclude this transaction from the definition of 'change of control' and to designate MARA and its affiliates as 'permitted holders.'
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