debt
confidence high
sentiment neutral
materiality 0.50
Matador Resources prices $750M of 6.250% senior notes due 2033
Matador Resources Co
- Principal amount $750M, coupon 6.250%, maturity 2033, priced at par.
- Net proceeds ~$736.4M after discounts and expenses.
- Proceeds to repay credit facility borrowings, including $250M term loan.
- Offering expected to close September 25, 2024.
- Notes sold in private placement under Rule 144A/Reg S.