MARA Holdings Completes Consent Solicitation for Long Ridge Energy Notes

MARA Holdings Inc. announced the successful completion of a consent solicitation for Long Ridge Energy LLC's senior secured notes . Through this process, noteholders were able to amend the indenture to prevent a change of control offer upon MARA's acquisition of Long Ridge. Notably, the solicitation received requisite consents, enabling MARA to move forward with its acquisition plans. As part of this agreement, noteholders who provided their consent will receive a $2.50 per $1,000 fee upon transaction closing.

The transaction is valued at acquiring 100% of Long Ridge Energy & Power LLC and is expected to close in the third quarter of 2026. Key conditions include securing regulatory approvals, specifically Hart-Scott-Rodino clearance and FERC approval. This development underscores MARA Holdings' efforts to further expand its business scope through strategic acquisitions.

Related Stocks

• MARA