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MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC
GlobeNewswire Inc.·
MARA Holdings announced successful completion of a consent solicitation for Long Ridge Energy LLC's senior secured notes. The company received requisite consents from noteholders to amend the indenture to prevent a change of control offer upon MARA's acquisition of Long Ridge. The transaction, valued at acquiring 100% of Long Ridge Energy & Power LLC, is expected to close in Q3 2026, subject to regulatory approvals including Hart-Scott-Rodino clearance and FERC approval. Consenting noteholders will receive a $2.50 per $1,000 consent fee upon transaction closing.
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