Mara Holdings says it secures bondholder consents for Long Ridge acquisition update

PUBT·05/15/2026 21:15:27

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MARA Holdings, through unit MARA USA, plans to buy 100% of Long Ridge Energy & Power from Ohio River Partners Holdco and Ohio River Partners Finance, making Long Ridge an indirect wholly owned subsidiary.
Consent solicitation for Long Ridge Energy LLC 8.750% Senior Secured Notes due 2032 received majority support ahead of May 15 expiration, clearing path to amend indenture so deal does not trigger a change-of-control put.
Consenting holders set to receive USD 2.5 per USD 1,000 principal, payable at closing.
Closing targeted for second half of 2026, with timing potentially as early as Q3 2026.
If deal does not close, consent fee will not be paid and existing indenture terms remain in place.

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: 202605151715PRIMZONEFULLFEED9721503) on May 15, 2026, and is solely responsible for the information contained therein.

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