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MARA completes consent solicitation for Long Ridge Energy notes ahead of planned acquisition.

Company Fundamentals
15 May 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

MARA Holdings announced the successful expiration and results of its consent solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC. The solicitation secured majority consent from noteholders to amend the indenture, preventing a mandatory change of control offer after MARA's planned acquisition of Long Ridge. The amendments will take effect upon closing the acquisition, expected in the second half of 2026, subject to regulatory approvals. This move streamlines MARA's acquisition process and avoids costly buyback obligations on the notes.

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