According to Globenewswire, Marathon Holdings initiated a bondholder consent solicitation on May 9 for Long Ridge Energy’s $600 million senior secured notes due 2032. The move follows MARA’s April 29 agreement to acquire Long Ridge’s parent company, which would trigger a change-of-control provision in the notes. MARA seeks to exclude the transaction from the change-of-control definition and designate itself and affiliates as permitted holders.
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