Mara launches consent solicitation tied to planned Long Ridge acquisition

PUBT·05/07/2026 12:34:50

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MARA Holdings plans to acquire 100% of membership interests in Long Ridge Energy & Power, making Long Ridge an indirect wholly owned subsidiary.
Long Ridge Energy LLC has USD 600 million of 8.750% Senior Secured Notes due 2032 outstanding, which would otherwise trigger a change-of-control repurchase at 101% of principal under existing terms.
MARA USA has launched a consent solicitation to amend indenture terms so transaction does not constitute a change of control, offering USD 2.5 per USD 1,000 principal to consenting holders.
Consent solicitation expires May 15, 2026; amendments require majority consent and would become operative only upon deal closing.
Closing is expected in second half of 2026, potentially as soon as Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mara Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605070830PRIMZONEFULLFEED9715396) on May 07, 2026, and is solely responsible for the information contained therein.

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