Long Ridge Energy Acquired by MARA | Energy M&A Deal

MARA has completed the acquisition of Long Ridge Energy, a energy services other business in Florida, for $2.50. Long Ridge Energy LLC is the issuer of 8.750% senior secured notes due 2032 and operates in the energy services other segment. MARA acquisitions in energy M&A focus on restructuring and consent solicitation outcomes tied to Long Ridge Energy acquisition-related financing. As a public company acquisition, MARA USA Corporation completed a consent solicitation process with registered noteholders, securing requisite consents and entering a supplemental indenture with U.S. Bank Trust Company, National Association as trustee. The consent amendments are set to become operative only upon consummation of the related transaction and payment of the consent fee through DTC, with the consent solicitation expiring May 15, 2026.