Bitcoin mining firm MARA Holdings is seeking consent from holders of Long Ridge Energy's $600 million senior secured notes to amend covenants related to its acquisition of Long Ridge's parent company. The acquisition, agreed upon on April 29, would typically trigger a 'change of control' clause, necessitating MARA to repurchase the notes at 101% of their face value. MARA aims to exclude this transaction from the 'change of control' definition and designate itself and affiliates as 'permitted holders.'
MARA Seeks Noteholder Consent to Amend Long Ridge Acquisition Terms
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